On Thursday, March 16, China’s A00 aluminium ingot price has contracted by RMB 180 per tonne to close at RMB 18,140 per tonne, with the spot contract price expected to be traded at a discount price of RMB 60 to RMB 20 per tonne. The average price is expected to range between RMB 18,120 per tonne and RMB 18,160 per tonne.
The prices in Wuxi, Hangzhou, Shenyang and Linyi have fallen by RMB 180 per tonne to peg at RMB 18,130 per tonne, RMB 18,180 per tonne, RMB 18,140 per tonne and RMB 18,190 per tonne. As per the data, the price in Chongqing has slumped by RMB 170 per tonne to score at RMB 18,270 per tonne. In Foshan and Tianjin, the prices have slipped by RMB 160 per tonne to reside at RMB 18,240 per tonne and RMB 18,160 per tonne. In Gongyi, the A00 aluminium ingot price has decreased by RMB 140 per tonne to reach RMB 18,120 per tonne.
The domestic price of low carbon aluminium in China has declined by RMB 160 per tonne, stopping at RMB 18,822 per tonne. The high purity aluminium (99.99%) price and high purity aluminium (99.996%) price have plunged by RMB 200 per tonne to stop at RMB 25,900 per tonne and RMB 26,900 per tonne.
The aluminium alloy (A356) price has fallen by RMB 200 per tonne to score at RMB 19,150 per tonne, with the average prices ranging between RMB 19,000 per tonne and RMB 19,300 per tonne. The aluminium alloy (ADC12) price and aluminium alloy (A380) price have dropped by RMB 150 per tonne to halt at RMB 19,350 per tonne and RMB 20,350 per tonne.
The average price for (ADC12) is expected to stand between RMB 19,250 per tonne and RMB 19,450 per tonne. For aluminium alloy (A380), the average price is expected to orbit between RMB 20,250 per tonne and RMB 20,450 per tonne.
The aluminium powder price has inched down by RMB 0.2 per kg to settle at RMB 19.9 per kg, with the average prices standing between RMB 19.8 per kg and RMB 20 per kg.
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