A00 aluminium ingot price jumps across major China markets; Aluminium Alloy (A356) up RMB100/t
A00 aluminium ingot prices registered a jump across all major markets in China on Wednesday, 17 April 2019. Ingot price recorded a rise of RMB160 per tonne or 1.16 per tonne from yesterday. A00 ingot price rose from RMB13810 per tonne to RMB13970 per tonne. Spot aluminium contract is expected to be traded at discount of RMB30 per tonne to premium of RMB10 per tonne. The average price is likely to range at RMB13950-13990 per tonne.
The ingot price in East Wuxi and East Hangzhou increased RMB130 per tonne and RMB135 per tonne to stand at RMB13960 per tonne and RMB13980 per tonne. Aluminium ingot prices in North market and South market stood at RMB13970 per tonne and RMB13920 per tonne today.
The price of Aluminium Alloy (A356) increased RMB100 per tonne to range at RMB14650-14750 per tonne as on April 17. Aluminium Alloy (A356) price today stood at RMB14700 per tonne.
Aluminium Alloy (ZLD102) and Aluminium Alloy (ZLD104) rose RMB100 per tonne, each to RMB14700 per tonne and RMB14650 per tonne.
Australian alumina FOB price dropped from USD380 per tonne to USD365 per tonne on Wednesday, 17 April 2019. This records a drop of USD15 per tonne or 3.95 per cent. Aluminium Fluoride price declined RMB500 per tonne to RMB8900 per tonne today. Aluminium Powder price stood at RMB17.5 per kg.
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