On Wednesday, December 4, the A00 aluminium ingot price in China has increased by RMB 40 per tonne to halt at RMB 20,360 per tonne with the spot contract price expected to be traded at a premium price of RMB 0 to RMB 40 per tonne. The average prices may stand between RMB 20,340 per tonne and RMB 20,380 per tonne.
A00 aluminium ingot
As per the Shanghai Metals Market (SMM) data, the prices have grown in all the provinces except in Shenyang where it has remained unchanged at RMB 20,340 per tonne. The prices in Gongyi, Foshan and Wuxi have gained RMB 40 per tonne to halt at RMB 20,250 per tonne, RMB 20,350 per tonne and RMB 20,380 per tonne.
In Hangzhou and Chongqing the prices have experienced the same hike to settle at RMB 20,410 per tonne and RMB 20,340 per tonne. On the same day, the prices in Tianjin and Linyi were increased by RMB 40 per tonne to peg at RMB 20,360 per tonne and RMB 20,310 per tonne.
Alumina prices
The average alumina spot price has also moved up by RMB 5 per tonne to reside at RMB 5,739 per tonne, followed by a surge of RMB 10 per tonne in Henan, Shanxi and Guangxi to clock at RMB 5,760, RMB 5,810 per tonne and RMB 5,670 per tonne.
Other prices
As per the SMM data, the price of low-carbon aluminium has gained RMB 29 per tonne to reach RMB 21,398 per tonne. On the same day, the price of high-purity aluminium (99.99%) and high-purity aluminium (99.996%) remained unchanged at RMB 27,400 per tonne and RMB 28,400 per tonne. The price of aluminium alloy (A356) has grown by RMB 50 per tonne to dock at RMB 20,850 per tonne, with the average prices standing between RMB 20,700 per tonne and RMB 21,000 per tonne.
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