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15 APRIL 2022 SMM

A00 aluminium ingot price closes the week with a rise of RMB270/t; Aluminium alloy (A356) price rises by RMB250/t

EDITED BY : SARNALI CHAKRABORTY 2MINS READ

As per SMM report, the A00 aluminium ingot price in China has again witnessed a rise on Friday, April 15. For today, the price has increased by RMB 270 per tonne to come in at RMB 21,730 per tonne. The average price for the same is expected to range between RMB 21,710 per tonne and RMB 21,750 per tonne, with spot contract to be traded at a premium price of RMB 70-30 per tonne.

A00 aluminium ingot price closes the week with a rise of RMB270/t; Aluminium alloy (A356)  price rises by RMB250/t

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In Gongyi, Hangzhou and Shenyang the price has gone up by RMB 260 per tonne to record at RMB 21,700 per tonne, RMB 21,840 per tonne and RMB 21,740 per tonne. In Foshan and Wuxi the price has augmented by RMB 370 per tonne and RMB 270 per tonne to close at RMB 21,870 per tonne and RMB 21,725 per tonne. For the same day in Chongqing, Tianjin and Linyi the price has also witnessed growth by RMB 300 per tonne, RMB 290 per tonne and RMB 260 per tonne to come in at RMB 21,800 per tonne, RMB 21,750 per tonne and RMB 21,850 per tonne.

For the same day, aluminium alloy (ADC12) price and (A380) price has shot up by RMB 150 per tonne to settle at RMB 21,800 per tonne and RMB 22,800 per tonne. The average price for (ADC12) price is expected to orbit between RMB 21,700 per tonne and RMB 21,900 per tonne. For (A380) the average price is expected to range between RMB 22,700 per tonne and RMB 22,900 per tonne. As of today, the aluminium alloy (A356) price has surged by RMB 250 per tonne to halt at RMB 22,950 per tonne, with the average price expected to range between RMB 22,800 per tonne and RMB 23,100 per tonne.

Outlook For The Indian Aluminium Industry

Aluminium powder price has inched up by RMB 0.25 per kg to close at RMB 23.35 per kg, with average prices expected to hover between RMB 23.2 per kg and RMB 23.5 per kg.


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EDITED BY : SARNALI CHAKRABORTY 2MINS READ

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