China’s A00 aluminium ingot price travels US$10/t upward on March 17; Low carbon aluminium price grows US$60/t

A00 aluminium ingot price has jumped up by RMB 10 per tonne, officially closing at RMB 18,150 per tonne, as the Shanghai Metals Market recorded on March 17. The average prices are expected to range between RMB 18,130 per tonne and RMB 18,170 per tonne, with spot contracts trading at discount prices of RMB 70 per tonne and RMB 30 per tonne.

The eight provinces in China all have witnessed augmenting prices today, with the aluminium price heightening the most in Tianjin by RMB 90 per tonne to settle at RMB 18,250 per tonne. In Foshan and Chongqing, the aluminium prices have swollen by RMB 60 per tonne, officially resting at RMB 18,300 per tonne and RMB 18,330 per tonne, respectively. The aluminium price in Shenyang has seen RMB 40 per tonne growth to stop at RMB 18,180 per tonne. In Linyi, the aluminium price has escalated by RMB 30 per tonne to officially rest at RMB 18,220 per tonne. The aluminium price in Wuxi gained RMB 10 per tonne, halting at RMB 18,140 per tonne. Only in Gongyi and Hangzhou have there been no notable alterations, with the price remaining stuck at RMB 18,120 per tonne and RMB 18,180 per tonne, respectively.

The low carbon aluminium price has increased by RMB 60 per tonne to close at RMB 18,882 per tonne.

The prices of high-purity aluminium (99.99%) and high-purity aluminium (99.996%) have refrained from any change.

The price of aluminium powder in China has shown no particular transformation.