SMM A00 aluminium ingot price in Tianjin grows to RMB19,430/t; Low carbon aluminium price adds RMB50/t to RMB 19,987/t
On Thursday, September 14, China’s A00 aluminium ingot price showed no change to close at RMB 19,430 per tonne. The average prices ranged between RMB 19,410 per tonne and RMB 19,450 per tonne, with the spot contract prices expected to be traded at a discount price of RMB 10 to RMB 30 per tonne.
As per the SMM data, the prices in Foshan, Tianjin and Linyi have added RMB 50 per tonne to reside at RMB 19,230 per tonne and RMB 19,430 per tonne. On the same day in Wuxi, the price expanded by RMB 30 per tonne to reach RMB 19,440 per tonne.
China’s A00 aluminium ingot prices in Hangzhou and Gongyi have increased by RMB 20 per tonne to rest at RMB 19,430 per tonne and RMB 19,270 per tonne. The prices for Chongqing and Shenyang have remained restrained at RMB 19,310 per tonne and RMB 19,370 per tonne.
The domestic price of low-carbon aluminium has hiked by RMB 50 per tonne to settle at RMB 19,987 per tonne. The high-purity aluminium (99.99%) price and high-purity aluminium (99.996%) price have shown no change to clock at RMB 26,900 per tonne and RMB 27,900 per tonne. The prices of aluminium alloy (ADC12), (aluminium alloy (A356) and aluminium alloy (A380) have remained unchanged at RMB 19,600 per tonne, RMB 20,050 per tonne and RMB 20,600 per tonne.
China Hongqiao Group already shifts 1.5 Mt of aluminium capacity to Yunnan; aims to move 2 Mt by 2023-end
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