China’s A00 aluminium ingot price soars by RMB90/t to RMB18,240/t; Low carbon aluminium grows RMB118/t

A00 aluminium ingot price has heightened by RMB 90 per tonne, officially closing at RMB 18,240 per tonne, as the Shanghai Metals Market recorded on March 20. The average prices are expected to range between RMB 18,220 per tonne and RMB 18,260 per tonne, with spot contracts trading at discount prices of RMB 70 per tonne and RMB 30 per tonne.

The eight provinces in China all have more or less witnessed escalating prices, with the aluminium price increasing the highest in Foshan by RMB 110 per tonne, officially settling at RMB 18,410 per tonne. In Gongyi, the aluminium price has gone up the graph by RMB 80 per tonne to halt at RMB 18,200 per tonne. The price of aluminium in Chongqing and Linyi both have levitated by RMB 70 per tonne, officially closing at RMB 18,400 per tonne and RMB 18,290 per tonne. In Shenyang, the aluminium price has gained RMB 60 per tonne, stopping at RMB 18,240 per tonne. The aluminium price in Wuxi has gathered RMB 10 per tonne, resting at RMB 18,140 per tonne. Lastly, in Hangzhou and Tianjin, the aluminium pieces have refrained from any change, staying hooked at RMB 18,180 per tonne and RMB 18,250 per tonne, respectively.

The low carbon aluminium price has augmented by RMB 118 per tonne to close at RMB 19,000 per tonne.

The prices of high-purity aluminium (99.99%) and high-purity aluminium (99.996%) remained stoic on March 20, Monday.

The price of aluminium alloy (A360) has gained RMB 100 per tonne, closing at RMB 19,550 per tonne.

The aluminium powder price has also not shown any change today.