On Thursday, April 25, China's average alumina spot price experienced a significant increase, soaring by US$28 per tonne to settle at RMB 3,362 per tonne. This was followed by a surge of RMB 40 per tonne in Bayuquan, reaching RMB 3,400 per tonne. This upward trend is noteworthy, as it marks a M-o-M increase of RMB 44 per tonne from RMB 3,318 per tonne recorded on March 25. As per the data, Y-o-Y, the price has gained RMB 464 per tonne from RMB 2,898 per tonne.
The price changes in different regions of China further highlight the dynamic nature of the alumina market. In regions like Shandong and Shanxi, the alumina prices have ascended by RMB 30 per tonne to arrive at RMB 3,340 per tonne. Similarly, the prices in Henan and Guangxi have expanded by RMB 30 per tonne to peg at RMB 3,385 per tonne and RMB 3,395 per tonne. In Guizhou and Lianyungang, the prices have ascended by RMB 20 per tonne to reach RMB 3,355 per tonne and RMB 3,305 per tonne. These regional variations provide a comprehensive view of the market and its impact on different areas.
A00 aluminium ingot price
On the same day, China's A00 aluminium ingot price hiked by RMB 200 per tonne to settle at RMB 20,310 per tonne. The spot contract price is expected to be traded at a discount of RMB 70 to RMB 30 per tonne. The average prices may stand between RMB 20,290 per tonne and RMB 20,330 per tonne.
The domestic aluminium ingot prices in Wuxi and Tianjin have gained RMB 220 per tonne and RMB 200 per tonne to arrive at RMB 20,310 per tonne. On the same day the prices in Hangzhou and Linyi have moved upwards by RMB 210 per tonne and RMB 200 per tonne to reach RMB 20,310 per tonne and RMB 20,370 per tonne. In Foshan and Gongyi the prices have added RMB 200 per tonne and RMB 190 per tonne to stop at RMB 20,260 per tonne and RMB 20,250 per tonne. In Chongqing and Shenyang, the prices have expanded by RMB 180 per tonne and RMB 170 per tonne to RMB 20,260 per tonne and RMB 20,250 per tonne.
Other prices
The domestic price of low-carbon aluminium has surged by RMB 210 per tonne, settling at RMB 21,306 per tonne. As per the SMM data, the high-purity aluminium (99.99%) price and high-purity aluminium (99.996%) price have increased by RMB 200 per tonne to settle at RMB 27,700 per tonne and RMB 28,700 per tonne.
The Australian alumina FOB price has gone up by US$1 per tonne to settle at US$380 per tonne. The price of aluminium alloys (A356) has hiked by RMB 200 per tonne to reach RMB 20,900 per tonne with the average prices expected to range between RMB 20,700 per tonne and RMB 21,100 per tonne.
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