China’s alumina spot price maintains the upward trajectory, grows to RMB3420/t; A00 aluminium ingot price gains RMB160/t

On Monday, April 29, the average alumina spot price gained RMB 30 per tonne to settle at RMB 3,420 per tonne. The alumina prices have shown growth in all the provinces, with the highest in Bayuquan, where it has hiked by RMB 70 per tonne to arrive at RMB 3,500 per tonne, followed by an upward movement of RMB 50 per tonne in Guangxi, where it settled at RMB 3,485 per tonne.

In Guizhou and Shanxi, the alumina prices have expanded by RMB 40 per tonne and RMB 30 per tonne to stand at RMB 3,435 per tonne and RMB 3,400 per tonne. As per the SMM data, in Shandong and Henan, the alumina price has added RMB 20 per tonne to arrive at RMB 3,380 per tonne and RMB 3,420 per tonne.

A00 aluminium ingot price

On the same day, China’s A00 aluminium ingot price ascended by RMB 160 per tonne to RMB 20,590 per tonne, with the average price between RMB 20,570 per tonne and RMB 20,610 per tonne. The spot contract price may be traded at a discount price of RMB 70 to RMB 30 per tonne.

In Shenyang and Linyi the domestic aluminium ingot prices have gained RMB 180 per tonne to clock at RMB 20,530 per tonne and RMB 20,640 per tonne. In Tianjin, the price has moved up by RMB 160 per tonne to RMB 20,540 per tonne. In regions like Gongyi, Foshan, Wuxi and Hangzhou, the A00 aluminium ingot prices have increased by RMB 150 per tonne to stand at RMB 20,520 per tonne, RMB 20,510 per tonne and RMB 20,570 per tonne. In Chongqing, the A00 aluminium ingot price has been added RMB 120 per tonne to dock at RMB 20,380 per tonne.

Other prices

The domestic price of low-carbon aluminium has levitated by RMB 119 per tonne to reach RMB 21,425 per tonne. The Australian alumina FOB price has added US$10 per tonne to settle at RMB 400 per tonne. On the same day, the price of aluminium alloy (A356) increased by RMB 150 per tonne to settle at RMB 21,250 per tonne, with the average prices between RMB 21,000 per tonne and RMB 21,300 per tonne.

For (ADC12) and (A380) the price has expanded by RMB 100 per tonne to settle at RMB 20,700 per tonne and RMB 21,700 per tonne. For aluminium alloys (ADC12), the average price may range between RMB 20,600 per tonne and RMB 20,800 per tonne. For (A380), the average price may orbit between RMB 21,600 per tonne and RMB 21,800 per tonne.