SMM A00 aluminium ingot remains stoic at RMB 19,250/t; Low carbon aluminium price loses RMB5/t
On Tuesday, March 19, China’s A00 aluminium ingot price remained unchanged at RMB 19,250 per tonne, with the average prices between RMB 19,230 per tonne and RMB 19,270 per tonne. The spot contract price also remained unaltered at a discount price of RMB 70 to RMB 30 per tonne.
The domestic aluminium ingot prices have shown mixed changes today. In regions like Wuxi, Hangzhou, Chongqing and Shenyang, the prices have shown no change to settle at RMB 19,240 per tonne, RMB 19,250 per tonne, RMB 19,200 per tonne and RMB 10,170 per tonne. As per the SMM data, the price in Tianjin has lost RMB 20 per tonne to clock at RMB 19,200 per tonne, followed by a fall of RMB 10 per tonne in Gongyi and Foshan to reach RMB 19,130 per tonne and RMB 19,200 per tonne.
The price of low-carbon aluminium has dipped by RMB 5 per tonne to RMB 20,037 per tonne. On the same day, the price of high-purity aluminium (99.99%) and high-purity aluminium (99.996%) remained unchanged at RMB 26,700 per tonne and RMB 27,700 per tonne, respectively.
As per the SMM data, the price of aluminium alloys (ADC12) has shown no change to clock at RMB 20,300 per tonne, with the average prices standing between RMB 20,200 per tonne and RMB 20,400 per tonne. On the same day, the price of aluminium alloy (A356) and aluminium alloy (A380) also remained unchanged at RMB 19,850 per tonne and RMB 21,300 per tonne.
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