A00 aluminium ingot price in China has dropped by RMB 10 per tonne on Tuesday, June 29, after the two consecutive days of hike, found the Shanghai Metals Market. The price is thus standing at RMB 18,820 per tonne, with average prices expected to range between RMB 18,800 per tonne and RMB 18,840 per tonne. The spot contract is likely to be traded at a premium price of RMB 40-0 per tonne.
In Wuxi and Chongqing, A00 aluminium ingot price has declined by RMB 35 per tonne to stand at RMB 18,790 per tonne and RMB 18,810 per tonne, while the price in Gongyi and Hangzhou has fallen by RMB 30 per tonne to come in at RMB 18,700 per tonne and RMB 18,800 per tonne, respectively. In Tianjin and Linyi, primary aluminium ingot price has dropped by RMB 20 per tonne to RMB 18,780 per tonne and RMB 18,810 per tonne, and the price in Shenyang has dipped by RMB 10 per tonne to RMB 18,800 per tonne.
Aluminium alloys prices have remained restrained as of June 29. While aluminium alloy (356) price has continued to stand at RMB 19,450 per tonne, aluminium alloys (ADC12) price and aluminium alloy (A380) price are hovering at RMB 18,300 per tonne and RMB 19,300 per tonne, respectively.
Among primary aluminium input costs, aluminium fluoride price has built-up RMB 100 per tonne to close at RMB 7,600 per tonne. The average prices are expected to range between RMB 7,200 per tonne and RMB 8,000 per tonne.
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