Spot alumina prices in the China market remain firm; Chalco hikes aluminium prices
After declining through the first fortnight of May, alumina prices in China have registered a gain and currently remain flat throughout all the major markets.
As on May 19 2017, as reported by Shanghai Metals Market; the average spot alumina price in South China market stands at RMB 2,265/t. In the North China Market, the average spot alumina price stands at RMB 2300/t. Market price difference between north China and south China remains unchanged at around RMB35/t.
The average spot alumina price in East China market stands at RMB 2,320/t. In the Central China Market, the average spot alumina price stands at RMB 2310/t.
Alumina prices from large scale alumina enterprises remained firm. Chalco alumina prices remain stable at RMB 2,475/t and are expected to move within a range of RMB 2,450- 2,500/t.
In the import market; average imported alumina price remains flat at RMB 2,800/t and it is expected to move within a range of RMB 2,770- 2,830/t.
Currently, among the domestic markets, East China market has the highest alumina price excluding the prices offered by Chalco.
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China Aluminium International Trading Co. (Chalco Trading) has hiked the prices of A00 Aluminum Ingot it offered in major markets today after a cut in previous day.
Unit: RMB/t
A00 Aluminum Ingot for Zhejiang province in East China market stood at RMB 13,905/t. For the North China market, it stood at RMB 13,910/t and for Northeast China market it stood at RMB 13,875/t.
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