SMM A00 aluminium ingot price moves RMB60/t upward today, down RMB10/t W-o-W; Alumina price drops by RMB2/t

The Shanghai Metals Market, on March 28, witnessed an overall upward streak, with the SMM A00 aluminium ingot price arriving at RMB 19,330 per tonne, experiencing RMB 60 per tonne growth. On a Week-on-Week scale there has been a slump of RMB 10 per tonne from RMB 19,340 per tonne recorded on March 21.

China’s low carbon aluminium price has ascended by RMB 88 per tonne to officiate at RMB 20,202 per tonne.

China’s eight significant provinces have all seen excellent growth, with the highest aluminium price of RMB 19,340 per tonne registered in Tianjin after the addition of RMB 50 per tonne. In Hangzhou, Shenyang and Linyi, the aluminium prices closed at RMB 19,330 per tonne, with RMB 80 per tonne escalation in the first two and RMB 110 per tonne increase in the last one. The aluminium price in Wuxi has jumped up the graph by RMB 70 per tonne to rest at RMB 19,320 per tonne. In Chongqing, the aluminium price was found at RMB 19,300 per tonne, with an RMB 60 per tonne spike. The aluminium prices in Foshan and Gongyi are anchored at RMB 19,270 per tonne and RMB 19,230 per tonne, with RMB 50 per tonne and 60 per tonne respective escalation.

The prices of high-purity aluminium (99.99%) and high-purity aluminium (99.996%) have both gained RMB 50 per tonne to settle at RMB 26,750 per tonne and RMB 27,750 per tonne.

China’s average alumina price has halted at RMB 3,308 per tonne, losing RMB 2 per tonne, while the alumina price in Shanxi deflected RMB 5 per tonne to close at RMB 3,275 per tonne.

The price of aluminium alloy (A356) and the price of aluminium alloy (A360) have risen by RMB 50 per tonne and RMB 100 per tonne to officially close at RMB 19,900 per tonne and RMB 20,250 per tonne.

China’s aluminium powder price has soared by RMB 0.10 per kg to close at RMB 21.80 per kg, with the average prices ranging between RMB 21.70 per kg and RMB 21.90 per kg.