China’s A00 aluminium ingot price drops by RMB40/t to RMB18,280/t; Australian alumina FOB price falls to US$328/t
On Thursday, July 6, A00 aluminium ingot price in China has dropped by RMB 40 per tonne to close at RMB 18,280 per tonne. The average prices are expected to range between RMB 18,260 per tonne and RMB 18,300 per tonne, and the spot prices may be traded at a discount price of RMB 20 per tonne to a premium price of RMB 20 per tonne.
As per the SMM data, the price in Tianjin has hiked by RMB 60 per tonne to close at RMB 18,290 per tonne, followed by a fall of RMB 40 per tonne in Foshan, Hangzhou and Linyi to score at RMB 18,480 per tonne, RMB 18,280 per tonne and RMB 18,200 per tonne. On the same day, the prices in Chongqing and Shenyang slipped by RMB 30 per tonne and RMB 20 per tonne to clock at RMB 18,360 per tonne and RMB 18,220 per tonne. Only Gongyi and Wuxi have the same prices at RMB 18,120 per tonne and RMB 18,280 per tonne.
The domestic price of low-carbon aluminium has slumped by RMB 40 per tonne to peg at RMB 19,104 per tonne. The Australian Alumina FOB Price has decreased by US$2 per tonne to close at US$328 per tonne.
The price of aluminium alloy (A356) has dwindled by RMB 50 per tonne to close at RMB 19,000 per tonne, with the average prices expected to stand between RMB 18,800 per tonne and RMB 19,200 per tonne. The price of aluminium alloys (ADC12) and aluminium alloy (A380) have remained restrained at RMB 18,400 per tonne and RMB 19,400 per tonne.
LME benchmark aluminium price loses US$9.5/t and SHFE aluminium price too drops US$10/t
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