China’s average alumina spot price reaches RMB5056/t; A00 aluminium ingot price falls to RMB20780/t

On Thursday, October 31, the average alumina spot price in China has gained RMB 49 per tonne to settle at RMB 5,056 per tonne. The average alumina prices have shown growth in all the major regions, with the highest in Guizhou where it has surged by RMB 65 per tonne to settle at RMB 5000 per tonne.

Source: Avant

On the same day, the prices in Henan, Shanxi and Guangxi have hiked by RMB 50 per tonne to clock at RMB 5,050 per tonne, RMB 5,110 per tonne and RMB 5,000 per tonne. As per the SMM data, the price in Shandong has ascended by RMB 25 per tonne to arrive at RMB 5,060 per tonne. Both Lianyungang and Bayuquan have shown a growth of RMB 100 per tonne to peg at RMB 4,700 per tonne.

The domestic price of low carbon aluminium has lost RMB 62 per tonne to peg at RMB 21,703 per tonne. The price of high-purity aluminium (99.99%) and high-purity aluminium (99.996%) has declined by RMB 100 per tonne to halt at RMB 27,800 per tonne and RMB 28,800 per tonne.

A00 aluminium ingot

As per the SMM data, the price of A00 aluminium ingot has, on the other hand has, fallen by RMB 70 per tonne to halt at RMB 20,780 per tonne, with the spot contract price expected to be traded at a premium price of RMB 20 to RMB 60 per tonne. The average prices are expected to range between RMB 20,760 per tonne and RMB 20,800 per tonne.

The price has shown a fall in most of the provinces except in Chongqing, where it has grown by RMB 20 per tonne to settle at RMB 20,770 per tonne. The domestic aluminium ingot price has lost RMB 90 per tonne in Gongyi to settle at RMB 20,690 per tonne. As per the SMM analysis, the prices in Foshan, Shenyang, Wuxi and Hangzhou have descended by RMB 70 per tonne to peg at RMB 20,620 per tonne, RMB 20,700 per tonne and RMB 20,780 per tonne. In Tianjin and Linyi, the prices have contracted by RMB 40 per tonne to lock at RMB 20,780 per tonne.

The price of aluminium alloy (A356) has lost RMB 50 per tonne to settle at RMB 21,250 per tonne. For aluminium alloys (ADC12) and aluminium alloy (A380) the prices have remained unchanged at RMB 20,900 per tonne and RMB 21,900 per tonne.