SMM alumina price surges by RMB 119/t M-o-M, while the A00 aluminium ingot price decreases by RMB 260/t today

As of 23rd September 2024, according to the Shanghai Metal Market (SMM), the week initiated with a surge in alumina price by RMB 20 per tonne to officially close at RMB 4,026 per tonne. This brings the average price higher from the same day the previous month by RMB 119 per tonne from RMB 3,907 per tonne.

The average price has increased in almost all the regions, with the highest increase in the Shanxi region by RMB 30 per tonne to peg at RMB 4,060 per tonne. Also, in Shandong and Guangxi, the price has ascended by RMB 20 per tonne, averaging at RMB 4000 per tonne and RMB 4010 per tonne. In Henan and Guizhou regions, the average is up by RMB 10 per tonne, with an average of RMB 4,025 per tonne and RMB 4,005 per tonne, respectively.

China’s A00 aluminium ingot market initiated the week with a huge downfall in price from the previous day by RMB 260 per tonne. Today, the average aluminium price closed at RMB 19,700 per tonne. The average price of A00 aluminium ingot is hovering between RMB 19,680 per tonne to RMB 19,720 per tonne, while the spot contract is likely to be traded at a discount price of RMB 70 per tonne to RMB 30 per tonne with an average of RMB 50 per tonne.

The price of low carbon aluminium has improved by RMB 238 per tonne now standing at RMB 20,537 per tonne. High purity aluminium (99.99%) and (99.996%) have dwindled significantly by RMB 300 per tonne, sticking at RMB 26,700 per tonne purity and RMB 27,700 per tonne for 99.996 purity.

Region-wise analysis:

The average price of aluminium ingot also experienced an overall downward trend across all the provinces of China. In regions like Foshan and Gongyi, the price had declined by RMB 270 per tonne and RMB 250 per tonne to clock at RMB 19,550 per tonne and RMB 19,600 per tonne. The prices are down by RMB 240 per tonne in Wuxi, Hangzhou and Linyi to dock at RMB 19,710 per tonne, RMB 19,720 per tonne and RMB 19,670 per tonne. On the same day, the A00 aluminium ingot price in Shenyang, Chongqing and Tianjin have shrunk by RMB 230 per tonne, RMB 200 per tonne and RMB 210 per tonne to halt at RMB 19,650 per tonne, RMB 19,700 per tonne and RMB 19,750 per tonne.

Other prices:

The prices of raw materials like imported and domestic bauxite have remained stagnant for more than two weeks at US$ 76.61 per tonne and RMB 640 per tonne, respectively.

Aluminium alloy ingot:

The price of aluminium alloys ingot (ADC12) has diminished by RMB 100 per tonne in east, south and northeast region, both east and south region standing at RMB 20,450 per tonne, ranging between RMB 20,350 per tonne to RMB 20,550 per tonne. The price remained the same in the southwest region at RMB 20,500 per tonne.

Aluminium alloy ingot (A360) and alloy(A356) also followed the trend of degradation by RMB 250 per tonne to clock at RMB 20,400 per tonne and 20,150 per tonne, fluctuating between RMB 20,300 per tonne to RMB 20,500 per tonne and RMB 20,000 per tonne to RMB 20,300 per tonne. In the case of aluminium alloy ingot (A380), the average price has decreased by RMB 100 per tonne, averaging at RMB 21,450 per tonne, hovering between RMB 21,350 per tonne to RMB 21,550 per tonne, respectively.

Note: We are pleased to announce that the AL Circle website now includes CME (Futures) aluminium prices in addition to the previously available LME and SHFE aluminium prices. We invite you to explore this expanded offering in our price section for the most comprehensive and up-to-date aluminium pricing information