China’s A00 aluminium ingot price in Tianjin grows to RMB18,590/t; Low carbon aluminium price remains the same at RMB19,292/t

China’s A00 aluminium ingot price has shown no change to close at RMB 18,590 per tonne, with the average prices between RMB 18,570 per tonne and RMB 18,610 per tonne. The spot contract is expected to be traded at a discount price of RMB 70 to RMB 30 per tonne.

As per the data, the A00 aluminium ingot prices in Gongyi and Hangzhou have decreased by RMB 20 per tonne to peg at RMB 18,470 per tonne and RMB 18,590 per tonne. In Tianjin, the prices have grown by RMB 20 per tonne to close at RMB 18,590 per tonne. The prices have not changed in the other provinces like Foshan, Wuxi, Chongqing, Shenyang and Linyi. Like in Foshan, the price has remained at RMB 18,710 per tonne, the same as yesterday. In Wuxi, the price remained restrained at RMB 18,585 per tonne; in Chongqing, it closed at RMB 18,730 per tonne.

The domestic price of low carbon aluminium has also remained unchanged at RMB 19,292 per tonne. The aluminium powder price has remained the same at RMB 2.97 per kg, with the average prices between RMB 2.95 per kg and RMB 2.98 per kg.

The price of aluminium alloys (ADC12) and aluminium alloy (A356) have shown no change to settle at RMB 19,400 per tonne and RMB 19,500 per tonne. The aluminium alloy (A380) price has remained at RMB 20,400 per tonne.