China’s A00 aluminium ingot price grows by RMB70/t; Aluminium powder price moves up to RMB21.4/kg

On Monday, November 27, China’s A00 aluminium ingot price has grown by RMB 70 per tonne to clock at RMB 18,890 per tonne. The average prices are expected to stand between RMB 18,870 per tonne and RMB 18,910 per tonne, with the spot contract price expected to be traded at a discount price of RMB 40 per tonne to a premium price of 0 per tonne.

As per the Shanghai Metals Market (SMM) data, the prices in Foshan, Wuxi and Hangzhou have gained RMB 80 per tonne to halt at RMB 18,990 per tonne and RMB 18,890 per tonne. On the same day, the prices in Gongyi and Chongqing have ascended by RMB 70 per tonne to settle at RMB 18,910 per tonne. The prices in Shenyang and Linyi have hiked by RMB 20 per tonne to peg at RMB 18,910 per tonne and RMB 18,940 per tonne. Except in Tianjin, the A00 aluminium ingot price has dropped by RMB20 per tonne to rest at RMB 18,900 per tonne.

The domestic price of low-carbon aluminium price has expanded by RMB 78 per tonne to reside at RMB 19,737 per tonne. The high-purity aluminium (99.99%) price and high-purity aluminium (99.996%) have also hiked by RMB 100 per tonne to peg at RMB 26,500 per tonne and RMB 27,500 per tonne.

The price of aluminium powder has inched up by RMB0.1 per kg to clock at RMB 21.4 per kg, with the average prices standing between RMB 21.3 per kg and RMB 21.5 per kg. The price of aluminium alloy (A356) has added RMB 50 per tonne to settle at RMB 19,550 per tonne, with the average prices ranging between RMB 19,400 per tonne and RMB 19,700 per tonne.