A00 aluminium ingot price in China grows to RMB18,350/t; Alumina price expands by RMB7/t

On Monday, July 26, China's A00 aluminium ingot price extended its growth for the fifth consecutive day. As per SMM, the price has gained RMB 10 per tonne to close at RMB 18,350 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 range between RMB 18,330 per tonne and RMB 18,370 per tonne.

The domestic A00 aluminium ingot price has increased in Linyi, Gongyi and Shenyang by RMB 30 per tonne and RMB 10 per tonne to close at RMB 18,400 per tonne, RMB 18,350 per tonne and RMB 18,310 per tonne. The SMM aluminium ingot price in Tianjin has descended by RMB 60 per tonne to peg at RMB 18,330 per tonne, followed by a fall of RMB 20 per tonne in Foshan to close at RMB 18,360 per tonne. On the same day, the price in Wuxi has moved down by RMB 10 per tonne to halt at RMB 18,350 per tonne. Only in Hangzhou and Chongqing, the prices have remained the same at RMB 18,350 per tonne and RMB 18,360 per tonne.

The domestic price of low-carbon aluminium has dropped by RMB 20 per tonne to reach RMB 19,026 per tonne. The average alumina spot price has expanded by RMB 7 per tonne to clock at RMB 2,859 per tonne. As per the SMM data, the prices in Henan and Shanxi have grown by RMB 10 per tonne to stop at RMB 2,890 per tonne and RMB 2,870 per tonne. In Shandong and Guizhou, the alumina prices have moved up by RMB 5 per tonne to come in at RMB 2,810 per tonne and RMB 2,850 per tonne.

The price of aluminium alloys (ADC12) and aluminium alloy (A380) have increased by RMB 100 per tonne to close at RMB 18,700 per tonne and RMB 19,700 per tonne. The average price for (ADC12) may stand between RMB 18,600 per tonne and RMB 18,800 per tonne. For (A380) the average prices may range between RMB 19,600 per tonne and RMB 19,800 per tonne.