A00 aluminium ingot price in China falls by RMB130/t to RMB 18,880/t; Low carbon aluminium price slips to RMB19,502/t

China’s A00 aluminium ingot price has slipped by RMB 130 per tonne to close at RMB 18,880 per tonne as of Friday, February 3. The spot contract price is expected to be traded at a discount price of RMB 100 to RMB 60 per tonne, and the average price may range between RMB 18,860 per tonne and RMB 18,900 per tonne.

However, as per the SMM data, the price in Tianjin has surged by RMB 870 per tonne to halt at RMB 19,900 per tonne, followed by a growth of RMB 60 per tonne to peg at RMB 19,020 per tonne. In other provinces like Foshan and Chongqing, the price has dipped by RMB 140 per tonne to score at RMB 18,920 per tonne and RMB 18,900 per tonne.

A00 aluminium ingot price in Wuxi has gone down by RMB 125 per tonne to halt at RMB 18,885 per tonne. As per the SMM data, prices in Gongyi and Shenyang have dropped by RMB 120 per tonne to peg at RMB 18,730 per tonne and RMB 18,860 per tonne. In Linyi, the price has fallen by RMB 110 per tonne, stopping at RMB 18,880 per tonne.

The domestic price of low carbon aluminium has slumped by RMB 140 per tonne to score at RMB 19,502 per tonne. The high purity aluminium (99.99%) and high purity aluminium (99.996%) price have descended by RMB 100 per tonne to come in at RMB 26,800 per tonne and RMB 27,800 per tonne.

Aluminium alloy (A356) price has dropped by RMB 150 per tonne to peg at RMB 20,000 per tonne, with the average prices standing between RMB 19,800 per tonne and RMB 20,200 per tonne. On the other hand, aluminium alloy (ADC12) price and aluminium alloy (A380) price have remained restrained to stand at RMB 19,750 per tonne and RMB 20,750 per tonne.

The aluminium powder price has inched down by RMB 0.1 per tonne to score at RMB 20.5 per tonne, with the average prices standing between RMB 20.4 per tonne and RMB 20.6 per tonne.