China’s alumina price surges by RMB23/t; SMM A00 aluminium ingot price slumps by RMB160/t

China’s average alumina spot price has augmented by RMB 23 per tonne to officially close at RMB 3,334 per tonne, while the alumina price in Henan, Shandong and Shanxi have all increased by RMB 30 per tonne to close at RMB 3,355 per tonne and RMB 3,310 per tonne, respectively. 

The alumina price in Bayuquan has dived down by RMB 50 per tonne to stop at RMB 3,360 per tonne. The alumina price in Lianyungang has dampened by RMB 20 per tonne to close at RMB 3,285 per tonne. 

The Shanghai Metals Market, on April 24, saw a downward trend in aluminium prices, with the SMM A00 aluminium ingot price plunging by RMB 160 per tonne to settle at RMB 20,110 per tonne. 

The eight main provinces in China have all shown deflecting aluminium prices today, with Wuxi having lost RMB 180 per tonne to stop at RMB 20,090 per tonne, while aluminium price in Hangzhou has discarded RMB 170 per tonne to close at RMB 20,100 per tonne. Other than that, the aluminium prices in Foshan, Chongqing, Shenyang, Tianjin and Linyi have all slumped by RMB 160 per tonne. 

Foshan: RMB 20,060 per tonne 

Chongqing: RMB 20,080 per tonne

Shenyang: RMB 20,080 per tonne

Tianjin: RMB 20,110 per tonne 

Linyi: RMB 20,170 per tonne

The low carbon aluminium price in China has decreased by 106 per tonne to officially close at RMB 21,096 per tonne. 

China’s high-purity aluminium (99.99%) price and the high-purity aluminium (99.996%) price have both de-escalated by RMB 100 per tonne to officiate at RMB 27,500 per tonne and RMB 28,500 per tonne. 

The aluminium powder price in China has plunged by RMB 0.10 per kg to close at RMB 22.60 per kg, with the average prices ranging between RMB 22.50 per kg and RMB 22.70 per kg.