A00 aluminium ingot price in China has plummeted by RMB 20 per tonne on July 20, Wednesday. According to the Shanghai Metals Market, the price has accurately settled at RMB 17,880 per tonne, with average prices estimated to range between RMB 17,860 per tonne and RMB 17,900 per tonne and spot contracts to be traded at a discount price of RMB 30 per tonne and a premium price of RMB 10 per tonne.
The Chinese provinces have shown fluctuating prices today with Foshan and Wuxi dropping by RMB 10 per tonne to close at RMB 17,810 per tonne and RMB 17,880 per tonne, respectively. The aluminium ingot price in Hangzhou has witnessed an RMB 20 per tonne plunge to rest at RMB 17,920 per tonne. The primary aluminium ingot prices in Chongqing, Gongyi and Linyi have escalated by RMB 10 per tonne settling at RMB 17,900 per tonne, RMB 17,820 per tonne and RMB 17,960 per tonne. The prices of aluminium ingots in Shenyang and Tianjin have seen a hike of RMB 20 per tonne to halt at RMB 17,900 per tonne and RMB 17,920 per tonne, respectively.
Today in China, the domestic price of low-carbon aluminium has decreased by RMB 12 per tonne to stand at RMB 18,407 per tonne.
According to data shown by SMM, the high purity aluminium (99.99%) price and the high purity aluminium (99.996%) prices have shown stagnancy.
The prices of aluminium alloys (ADC12), aluminium alloy (A356) and aluminium alloy (A380) were restrained at RMB 17,700 per tonne, RMB 19,000 per tonne and RMB 18,700 per tonne, with no change from the previous day.
The price of aluminium powder has refrained from any alteration as well.
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