On January, Wednesday 17, China’s A00 aluminium ingot price hiked by RMB 60 per tonne to close at RMB 19,000 per tonne, with the average prices standing between RMB 18,980 per tonne and RMB 19,020 per tonne. The spot contract price may be traded at a premium price of RMB 80 per tonne to RMB 120 per tonne.
As per the data, the prices in Foshan and Wuxi have gained RMB 100 per tonne and RMB 70 per tonne to halt at RMB 19,130 per tonne and RMB 19,020 per tonne. In Hangzhou and Linyi the domestic aluminium ingot prices have added RMB 60 per tonne to arrive at RMB 19,000 per tonne and RMB 19,060 per tonne. In Tianjin, the A00 aluminium ingot price has ascended by RMB 30 per tonne to stand at RMB 19,050 per tonne. In Chongqing and Shenyang, the A00 aluminium ingot prices have dropped by RMB 100 per tonne and RMB 50 per tonne, scoring at RMB 18,940 per tonne and RMB 19,020 per tonne.
The domestic price of low-carbon aluminium has surged by RMB 97 per tonne, settling at RMB 19,879 per tonne. On the same day, the average alumina spot price has inched up by RMB 1 per tonne to halt at RMB 3,336 per tonne. In Shandong, the alumina price has gained RMB 5 per tonne to peg at RMB 3,210 per tonne.
The price of aluminium alloy (A356) has increased by RMB 50 per tonne to clock at RMB 19,600 per tonne, with the average prices between RMB 19,400 per tonne and RMB 19,800 per tonne. On the same day, the prices of aluminium alloys (ADC12) and aluminium alloy (A380) have remained the same at RMB 20,000 per tonne and RMB 21,000 per tonne.
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