China’s A00 aluminium ingot price grows to RMB19,340/t; Low carbon aluminium price gains RMB30/t

On Monday, March 25, China’s A00 aluminium ingot price has grown by RMB 40 per tonne to settle at RMB 19,340 per tonne, with the spot contract price expected to be traded at a discount price of RMB 100 to RMB 60 per tonne. As per the data, the average prices may hover between RMB 19,320 per tonne and RMB 19,360 per tonne.

As per the SMM data, the price in Linyi has grown by RMB 45 per tonne to settle at RMB 19,300 per tonne. On the same day, the A00 aluminium ingot prices in Wuxi and Hangzhou have hiked by RMB 40 per tonne to arrive at RMB 19,320 per tonne. In Gongyi, Foshan and Tianjin, the domestic aluminium ingot prices have ascended by RMB 30 per tonne to clock at RMB 19,230 per tonne, RMB 19,300 per tonne and RMB 19,290 per tonne. In Chongqing and Shenyang, the price has increased by RMB 20 per tonne and RMB 5 per tonne to reach RMB 19,280 per tonne and RMB 19,260 per tonne.

The domestic price of low-carbon aluminium has increased by RMB 30 per tonne to RMB 20,172 per tonne. The Australian alumina FOB price has moved down by US$2 per tonne to settle at US$369 per tonne. On the same day, the price of aluminium alloy (A356) went up by RMB 50 per tonne to RMB 19,950 per tonne, with the average prices standing between RMB 19,800 per tonne and RMB 20,100 per tonne.