A00 aluminium ingot price has plummeted by RMB 430 per tonne to stand at RMB 19,340 per tonne, as recorded by the Shanghai Metals Market on Thursday, June 23. The average prices are supposed to range between RMB 19,320 per tonne and RMB 19,360 per tonne, with spot contracts trading at a premium price of RMB 0-40 per tonne.
The provinces in China have measured a considerable amount of price slump today, with primary aluminium ingot prices declining the highest in Gongyi and Wuxi by RMB 440 per tonne to stop at RMB 19,420 per tonne and RMB 19,330 per tonne, respectively.
Foshan and Hangzhou have suffered an RMB 430 per tonne decline, with the price in the former city halting at RMB 19,320 per tonne, followed by RMB 19,390 per tonne in the latter town. Primary aluminium ingot price in Chongqing has nosedived by RMB 430 per tonne to settle at RMB 19,380 per tonne.
Tianjin and Shenyang have recorded RMB 400 per tonne cut to close the aluminium ingot price at RMB 19,390 per tonne and RMB 19,370 per tonne, respectively. Lastly, the aluminium ingot price in Linyi has also witnessed a massive downfall of RMB 400 per tonne to rest at RMB 19,490 per tonne.
In China, the domestic price of low-carbon aluminium has shrunk by RMB 426 per tonne to stand at RMB 19,944 per tonne on Thursday.
According to data shown by SMM, the high purity aluminium (99.99%) price and the high purity aluminium (99.996%) price both have suffered a severe decline of RMB 400 per tonne to rest at RMB 27,400 per tonne and RMB 28,400 per tonne, respectively.
Today, due to the fall in primary aluminium ingot prices, aluminium alloy (A356) price faced a downward slope with RMB 400 per tonne cut arriving at RMB 20,400 per tonne. The average prices are likely to range between RMB 20,300 per tonne and RMB 20,500 per tonne, says SMM. The prices of aluminium alloys (ADC12) and aluminium alloy (A380) have slumped by RMB 250 per tonne to close at RMB 19,700 per tonne and RMB 20,700 per tonne, respectively. The average price for aluminium alloys (ADC12) is supposed to hover between RMB 19,600 per tonne and RMB 19,800 per tonne. The average price for aluminium alloy (A380) is estimated to orbit between RMB 20,600 per tonne and RMB 20,800 per tonne.
The aluminium powder price in China has lost RMB 0.40 per kg to settle at RMB 21.1 per kg, with average prices ranging between RMB 21 per kg and 21.2 per kg.
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