China’s A00 aluminium ingot price glides RMB40/t up; Aluminium alloy (A356) price surges by RMB50/t

A00 aluminium ingot price has ascended by RMB 40 per tonne, officially closing at RMB 18,320 per tonne, as the Shanghai Metals Market recorded on March 15. The average prices are expected to range between RMB 18,300 per tonne and RMB 18,340 per tonne, with spot contracts trading at discount prices of RMB 30 per tonne and RMB 10 per tonne.

The eight major provinces in China have seen escalating aluminium ingot prices today, with it heightening the most in Foshan and Chongqing by RMB 50 per tonne, officially closing at RMB 18,400 per tonne and RMB 18,440 per tonne, respectively. In Hangzhou, Shenyang, Tianjin and Linyi, aluminium prices have soared by RMB 40 per tonne. The aluminium price in Hangzhou has stopped at RMB 18,360 per tonne. In Shenyang and Tianjin, the rates got stuck at RMB 18,320 per tonne, while the aluminium price in Linyi has halted at RMB 18,370 per tonne. Wuxi's aluminium price has increased by RMB 35 per tonne, resting at RMB 18,310 per tonne. Lastly, in Gongyi, the aluminium price has skipped upward by RMB 30 per tonne to clock at RMB 18,260 per tonne.

The low carbon aluminium price has gained by RMB 50 per tonne to close at RMB 18,982 per tonne.

The prices of high-purity aluminium (99.99%) and high-purity aluminium (99.996%) have refrained from any particular change.

The price of aluminium alloy (A356) has increased by RMB 50 per tonne, officially settling at RMB 19,350 per tonne.

The price of aluminium powder has gone up by RMB 0.10 per kg, with average prices ranging from RMB 20 per kg to RMB 20.20 per kg and the official price resting at RMB 20.10 per kg.