China’s average alumina spot price loses RMB1/t; SMM A00 aluminium ingot price eliminates RMB120/t

China’s average alumina spot price has gone down the graph by RMB 1 per tonne to close at RMB 2,996 per tonne. The alumina price in Shandong has tumbled by RMB 5 per tonne to officiate at RMB 2,945 per tonne.

The Australian Alumina FOB price has faced a substantial fall of RMB 7.13 per tonne to close at RMB 2,330.01 per tonne.

On November 20, the Shanghai Metals Market witnessed downward strives in aluminium price trends, with the SMM A00 aluminium ingot price discarding by RMB 120 per tonne to close at RMB 18,880 per tonne. The average aluminium prices have circulated between RMB 18,860 per tonne and RMB 18,900 per tonne.

China’s central provinces have all experienced slump in aluminium prices, with Linyi negating RMB 170 per tonne to rest at RMB 18,950 per tonne, followed by RMB 160 per tonne dive in Foshan where the aluminium price stood at RMB 18,990 per tonne. In Gongyi, the aluminium price has shed RMB 130 per tonne, closing at RMB 18,820 per tonne. In Wuxi, Hangzhou and Chongqing, the aluminium prices halted at RMB 18,880 per tonne, with RMB 120 per tonne loss in the first two and RMB 100 per tonne in the last. Tianjin, too, marked a RMB 120 per tonne crunch, settling down at RMB 18,910 per tonne. The aluminium price in Shenyang has faced a RMB 70 per tonne slump, closing at RMB 18,900 per tonne.

The price of low-carbon aluminium in China has dwindled by RMB 150 per tonne to officially close at RMB 19,754 per tonne.

The price of high-purity aluminium (99.99%) and the price of high-purity aluminium (99.996%) have both negated RMB 100 per tonne to finally anchor at RMB 26,500 per tonne and RMB 27,500 per tonne.

The price of aluminium alloy (A356) has dived by RMB 150 per tonne, closing at RMB 19,550 per tonne, while the price of aluminium alloy (A360) has decreased by RMB 100 per tonne settling at RMB 19,800 per tonne.

China’s aluminium powder price has shifted RMB 0.1 kg lower to rest at RMB 21.30 per kg, with average prices hovering between RMB 21.20 per kg and RMB 21.40 per kg.