A00 aluminium ingot price in China has opened the week on Monday, July 26, with a surge of RMB 300 per tonne to come in at RMB 19,630 per tonne. The average prices are expected to range between RMB 19,610 per tonne and RMB 19,650 per tonne, with spot contract to be traded at a premium price of RMB 60-20 per tonne.
In Foshan, primary aluminium ingot price has soared by RMB 350 per tonne to stand at RMB 19,760 per tonne, followed by the hike of RMB 330 per tonne in Chongqing to total RMB 19,680 per tonne. In Hangzhou and Gongyi, the price has increased by RMB 295 per tonne and RMB 250 per tonne, respectively, to stand at RMB 19,625 per tonne and 19,480 per tonne. In Linyi and Shenyang, A00 aluminium ingot price has grown by RMB 290 per tonne RMB 270 per tonne to close at RMB 19,600 per tonne.
All aluminium alloys prices have also increased today across China. Aluminium alloys (ADC12) price and aluminium alloy (A380) price have gained RMB 200 per tonne to stand at RMB 19,050 per tonne and RMB 20,250 per tonne, while the price of aluminium alloy (A356) price has surged by RMB 300 per tonne to come in at RMB 20,250 per tonne, as of July 26.
Among primary aluminium input costs, aluminium powder price has grown by RMB 0.30 per kg to stand at RMB 23.15 per kg on July 26. The average prices are expected to range between RMB 23.10 per kg and RMB 23.20 per kg.
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