Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
02 SEPTEMBER 2019 AL CIRCLE

Weiqiao further cuts its prebaked anode price for September; A00 aluminium ingot price rises by RMB20/t

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Shanghai Metals Market reveals that Shandong Weiqiao Group, one of the top aluminium producers in China, has reduced the benchmark purchasing price of prebaked anode for the third month in a row. For September 2019, the company has lowered the benchmark purchasing price by RMB 70 per tonne to RMB 2,925 per tonne in cash.

For August, Shandong Weiqiao had reduced the prebaked anode price by RMB 50 per tonne from July and that had brought the price to RMB 2,995 per tonne in cash.

{alcircleadd}

But despite the cut in Weiqiao’s prebaked anode benchmark purchasing price, the average buying price in China has not registered any change. It is still continuing to remain restraint at RMB 3,112.50 per tonne, as of September 2, since the drop on August 1, from RMB 3,137.50 per tonne to RMB 3,112.50 per tonne.

Prebaked anode price remains restrained on September 2

The average price of A00 aluminium ingot, on the other hand, has recorded a rise by RMB 20 per tonne to RMB 14,310 per tonne, backed on lowered inventories over the weekend by 17,000 tonnes to 1.016 million tonnes, as of Monday, September 2. The average prices are expected to range between RMB 14,290 per tonne and RMB 14,330 per tonne, with spot contract to be traded at a discount price of RMB 10 per tonne to a premium price of RMB 50 per tonne.

A00 aluminium ingot price

The price in Wuxi has registered a maximum hike by RMB 45 per tonne to RMB 14,340 per tonne, followed Tianjin where the price has increased by RMB 40 per tonne to RMB 14,310 per tonne. In Hangzhou, Chongqing, Shenyang, and Gongyi, the ingot price has raised by RMB 30 per tonne to RMB 14,340 per tonne, RMB 14,330 per tonne, RMB 14,310 per tonne, and RMB 14,220 per tonne.

Red Mud Report

The further rise in average alumina spot price on September 2 has also contributed to the price hike of A00 aluminium ingot. The average spot of price of alumina, as of Monday, is hovering at RMB 2,528 per tonne after rising by RMB 8 per tonne. With this rise, the alumina spot price is standing month-on-month high by RMB 71 per tonne, according to Shanghai Metals Market.


Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.