SMM alumina price continues its upward trend, arriving at RMB5168/t; A00 aluminium ingot price adds RMB50/t

The average alumina spot price in China has opened the week with a surge of RMB 59 per tonne to settle at RMB 5,168 per tonne. As per the Shanghai Metals Market (SMM), the alumina price has continued its record-breaking climb, reflecting a W-o-W hike of RMB 268 per tonne or 5.46 per cent.

The prices have highlighted growth in all the regions, with the highest in Lianyungang and Bayuquan, where it has spiked by RMB 200 per tonne to peg at RMB 5,100 per tonne. In Guizhou as well the alumina price has expanded by RMB 75 per tonne to settle at RMB 5,100 per tonne. In the Henan region, the price has increased by RMB 60 per tonne to arrive at RMB 5,160 per tonne. In Shandong and Shanxi, the prices have hiked by RMB 50 per tonne to clock at RMB 5,150 per tonne and RMB 5,250 per tonne. In Guangxi the price has added RMB 25 per tonne to peg at RMB 5,050 per tonne.

A00 aluminium ingot

On the same day, the A00 aluminium ingot price has also moved up by RMB 50 per tonne to arrive at RMB 20,830 per tonne, with the spot contract price expected to be traded at a premium price of RMB 30 to RMB 70 per tonne, with the average prices expected to range between RMB 20,810 per tonne and RMB 20,850 per tonne.

The domestic aluminium ingot prices have grown in all the provinces, with the highest in Shenyang and Gongyi, where it has expanded by RMB 80 per tonne and RMB 70 per tonne to peg at RMB 20,780 per tonne. In Foshan, Wuxi and Hangzhou, the prices have added RMB 60 per tonne to halt at RMB 20,700 per tonne, and RMB 20,840 per tonne, respectively. In Chongqing, the price has ascended by RMB 50 per tonne to dock at RMB 20,790 per tonne, followed by a hike of RMB 20 per tonne to reach RMB 20,830 per tonne.

Other prices

The price of low-carbon aluminium has expanded by RMB 63 per tonne to reach RMB 21,786 per tonne. For high purity aluminium (99.995) and high purity aluminium (99.996%) have shown no change to arrive at RMB 27,800 per tonne and RMB 28,800 per tonne. The price of aluminium alloy (A356) has added RMB 50 per tonne to settle at RMB 21,300 per tonne, with the average prices expected to range between RMB 21,100 per tonne and RMB 21,500 per tonne.