On Friday, January 19, China’s A00 aluminium ingot price descended by RMB 60 per tonne to settle at RMB 18,830 per tonne, with the average prices standing between RMB 18,810 per tonne and RMB 18,850 per tonne. The spot contract price may be traded at a premium price of RMB 50 to RMB 90 per tonne.
As per the SMM data, the price in Wuxi has dropped by RMB 80 per tonne to peg at RMB 18,810 per tonne. In Foshan and Hangzhou, the prices have fallen by RMB 18,970 per tonne and RMB 18,830 per tonne. In Gongyi, the domestic aluminium ingot price has decreased by RMB 40 per tonne to reach RMB 18,770 per tonne. On the same day, the prices in Shenyang, Tianjin, and Linyi were contracted by RMB 30 per tonne to rest at RMB 18,890 per tonne and RMB 18,910 per tonne. In Chongqing, the price has dipped by RMB 20 per tonne to halt at RMB 18,850 per tonne.
The domestic price of low-carbon aluminium has slumped by RMB 60 per tonne to come in at RMB 19,719 per tonne. The price of high-purity aluminium (99.99%) and high-purity aluminium (99.996%) has declined by RMB 100 per tonne to settle at RMB 26,500 per tonne and RMB 27,500 per tonne.
The Australian alumina FOB price has increased by US$2 per tonne to arrive at US$373 per tonne. As per the SMM data, the price of aluminium alloys (ADC12), aluminium alloy (A356) and aluminium alloy (A380) have lost RMB 50 per tonne to reach RMB 19,850 per tonne, RMB 19,450 per tonne and RMB 20,850 per tonne.
On the same day, the average price for (ADC12) may stand between RMB 19,750 per tonne and RMB 19,950 per tonne. For (A356), the average prices may orbit between RMB 19,300 per tonne and RMB 19,600 per tonne. The average prices for (A380) may range between RMB 20,750 per tonne and RMB 20,950 per tonne.
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