China’s alumina spot price adds RMB2/t; SMM A00 aluminium ingot price inflates by RMB120/t

China’s average alumina spot price has inched up by RMB 2 per tonne to close at RMB 2,987 per tonne. The alumina price in Shandong has soared by RMB 10 per tonne to officially close at RMB 2,960 per tonne, with average prices ranging between RMB 2,900 per tonne and RMB 3,020 per tonne. The Australian Alumina FOB price has slumped by RMB 14.36 per tonne to anchor at RMB 2,433.85 per tonne.

The CIF index of import Bauxite price has shifted downwards by RMB 0.22 per tonne, halting at RMB 502.28 per tonne.

On October 18, the Shanghai Metals Market registered major upheavals in aluminium prices, with the SMM A00 aluminium ingot price skyrocketing by RMB 120 per tonne to officially close at RMB 19,020 per tonne. The average prices have circulated between RMB 19,000 per tonne and RMB 19,040 per tonne.

China’s low-carbon aluminium price has seen a stark increase of RMB 119 per tonne, finally settling down at RMB 19,875 per tonne.

The central provinces in China have all seen escalating prices today, with the aluminium price rising the highest in Chongqing by RMB 160 per tonne to rest at RMB 19,070 per tonne. In Linyi, the aluminium price has surged by RMB 140 per tonne to close at RMB 19,090 per tonne. The aluminium prices in Gongyi, Foshan, Wuxi, Shenyang and Tianjin have uniformly levitated by RMB 120 per tonne to regularise at RMB 18,930 per tonne, RMB 19,030 per tonne, RMB 19,040 per tonne, RMB 19,090 per tonne and RMB 19,070 per tonne. Lastly, in Hangzhou, the aluminium price has jumped up by RMB 110 per tonne to officiate at RMB 19,030 per tonne.

China’s high-purity aluminium (99.99%) price and high-purity aluminium (99.996%) price have both elevated by RMB 100 per tonne to rest at RMB 26,600 per tonne and RMB 27,600 per tonne.

The price of aluminium alloy (A356) has added RMB 150 per tonne, augmenting to RMB 19,700 per tonne, while the aluminium alloy (A360) price has gained RMB 100 per tonne to hold the fort at RMB 19,900 per tonne.

China’s aluminium powder price has spiked by RMB 0.10 per kg to level at RMB 21.20 per kg, with average prices hovering between RMB 21.10 per kg and RMB 21.30 per kg.