China’s A00 aluminium ingot price grows to RMB 18,910/t; Low carbon aluminium price hikes by RMB77/t

On Tuesday, November 14, China’s A00 aluminium ingot price added RMB 60 per tonne to settle at RMB 18,910 per tonne, with the average prices between RMB 18,890 per tonne and RMB 18,930 per tonne. As per the Shanghai Metals Market (SMM) data, the prices have grown in all the provinces except in Shenyang, where it has dropped by RMB 18,890 per tonne.

In Foshan, the domestic aluminium ingot price has hiked by RMB 70 per tonne to clock at RMB 19,000 per tonne. On the same day, the prices in Wuxi, Hangzhou and Linyi gained RMB 60 per tonne to reside at RMB 18,910 per tonne and RMB 18,930 per tonne. In Gongyi and Tianjin, the A00 aluminium ingot prices have increased by RMB 50 per tonne and RMB 30 per tonne to clock at RMB 18,830 per tonne and RMB 18,930 per tonne. The price has shown no change in Chongqing at RMB 18,910 per tonne.

The domestic price of low-carbon aluminium has ascended by RMB 77 per tonne to halt at RMB 19,747 per tonne. The high-purity aluminium (99.99%) price and high-purity aluminium (99.996%) price have expanded by RMB 100 per tonne to stop at RMB 26,500 per tonne and RMB 27,500 per tonne. As per the SMM data, the Australian alumina FOB price has lost US$12 per tonne to reach US$328 per tonne.

The price of aluminium alloy (A356) has grown by RMB 50 per tonne to peg at RMB 19,550 per tonne, with the average prices between RMB 19,400 per tonne and RMB 19,700 per tonne. On the same day, the prices of aluminium alloys (ADC12) and aluminium alloy (A380) have shown no change to settle at RMB 19,400 per tonne and RMB 20,400 per tonne. The aluminium powder price has inched up by RMB 0.1 per kg to halt at RMB 21.2 per kg, with the average prices standing between RMB 21.1 per kg and RMB 21.3 per kg.