China’s A00 aluminium ingot price closes the week higher at RMB20800/t; High purity aluminium prices hike RMB300/t

A00 aluminium ingot price in China has declined by RMB 250 per tonne to close the week, ending June 17, lower than RMB 20,000 per tonne. According to the Shanghai Metals Market, the price has precisely settled at RMB 19,910 per tonne, with average prices estimated to range between RMB 19,890 per tonne and RMB 19,930 per tonne and spot contracts to be traded at a discount price of 20 and a premium price of RMB 20 per tonne.

In Tianjin, the primary aluminium ingot price has recorded the maximum decrease of RMB 280 per tonne to RMB 19,880 per tonne, followed by an RMB 270 per tonne cut in Shenyang to RMB 19,870 per tonne. In Hangzhou and Foshan, the A00 aluminium ingot price has nosedived by RMB 250 per tonne to come in at RMB 19,970 per tonne and RMB 19,960 per tonne, respectively. The price in Chongqing and Wuxi have suffered a loss of RMB 260 per tonne to rest at RMB 19,920 per tonne and RMB 19,910 per tonne, respectively. In Linyi, A00 aluminium ingot price has witnessed an RMB 190 per tonne downfall to settle at RMB 20,090 per tonne, noted SMM on Friday, June 17. In the Chinese province, Gongyi, the primary aluminium ingot price declined the lowest by RMB 110 per tonne, closing at RMB 20,170 per tonne.

Today in China, the domestic price of low-carbon aluminium has shrunk by RMB 250 per tonne to stand at RMB 20,574 per tonne.

According to data shown by SMM, the high purity aluminium (99.99%) price and the high purity aluminium (99.996%) price have plummeted by RMB 200 per tonne to stop at RMB 28,000 per tonne and RMB 29,000 per tonne, respectively.

The price of bauxite in Shanxi has dropped by RMB 2.50 per tonne to halt at RMB 450 per tonne, with average prices ranging between RMB 425 per tonne and RMB 475 per tonne. The bauxite price in Henan and Guangxi has also fallen by RMB 2.50 per tonne, resulting in RMB 457.50 per tonne and RMB 312.50 per tonne, respectively.

Today, backed on the decline primary aluminium ingot price, aluminium alloy (A356) price has faced a downward slope of RMB 250 per tonne, arriving at RMB 21,000 per tonne. The average prices are likely to range between RMB 20,900 per tonne and RMB 21,100 per tonne, says SMM.

The prices of aluminium alloys (ADC12) and aluminium alloy (A380) have slumped by RMB 100 per tonne to close the week at RMB 20,050 per tonne and RMB 21,050 per tonne, respectively. The average prices of aluminium alloys (ADC12) are expected to hover between RMB 19,950 per tonne and RMB 20,150 per tonne, while the average prices of aluminium alloy (A380) are likely to range between RMB 20,950 per tonne and RMB 21,150 per tonne.

The aluminium powder price in China has lost RMB 0.25 per kg to settle at RMB 21.75 per kg, with average prices ranging between RMB 21.60 per kg and 21.90 per kg.