On Thursday, December 14, China’s A00 aluminium ingot price has hiked by RMB 180 per tonne to settle at RMB 18,630 per tonne, with the average prices standing between RMB 18,610 per tonne and RMB 18,650 per tonne. As per the SMM data, the spot contract price may be traded at a discount price of RMB 90 to RMB 50 per tonne.
The SMM price chart shows that the Chinese aluminium market did not see a significant increase in 2023. Instead, prices were relatively stable at an average of RMB 18,000 per tonne. However, there was a minor rebound on April 20, with the price reaching RMB 19,110 per tonne.
As per the Shanghai Metals Market (SMM) data, the prices have grown in all the provinces. To begin with, the price in Wuxi has surged by RMB 200 per tonne to settle at RMB 18,650 per tonne. On the same day, the prices in Foshan, Hangzhou, Chongqing and Linyi expanded by RMB 180 per tonne to settle at RMB 18,810 per tonne, RMB 18,630 per tonne, RMB 18,680 per tonne and RMB 18,780 per tonne. In Gongyi and Tianjin, the domestic aluminium ingot prices have increased by RMB 160 per tonne to reside at RMB 18,730 per tonne and RMB 18,660 per tonne. In Shenyang, the A00 aluminium ingot price has ascended by RMB 140 per tonne to clock at RMB 18,640 per tonne.
The domestic price of low-carbon aluminium has grown by RMB 186 per tonne to peg at RMB 19,552 per tonne. As per the SMM data, the high-purity aluminium (99.99%) price and high-purity aluminium (99.996%) price have surged by RMB 200 per tonne to halt at RMB 26,350 per tonne and RMB 27,350 per tonne.
On the same day, the aluminium powder price increased by RMB 0.2 per kg to reach RMB 21.3 per kg, with the average prices ranging between RMB 21.2 per kg and RMB 21.4 per kg. As per the SMM data, the price of aluminium alloy (A356) has expanded by RMB 200 per tonne to clock at RMB 19,300 per tonne, with average prices between RMB 19,100 per tonne and RMB 19,500 per tonne.
For aluminium alloys (ADC12) and aluminium alloy (A380), the prices have grown by RMB 100 per tonne to reach RMB 19,450 per tonne and RMB 20,450 per tonne. As per the data, the average prices may range between RMB 19,350 per tonne and RMB 19,550 per tonne. For (A380) the average price may stand between RMB 20,350 per tonne and RMB 20,550 per tonne.
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