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Alumina spot price in China losses RMB2/t; A00 aluminium ingot price declines by RMB60/t despite production cut

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Update time : 2023-11-10 19:35:29
On Thursday, November 9, the average alumina spot price in China has recorded a drop of RMB 2 per tonne to reach RMB 3,008 per tonne, according to the Shanghai Metals Market. The price has contracted after remaining restrained at RMB 3,010 per tonne from November 2 to 8.

In Shandong and Shanxi, the average alumina price has decreased by RMB 5 per tonne to peg at RMB 2,980 per tonne and RMB 3,020 per tonne, respectively, as of Thursday, November 9.

 

The Australian alumina FOB price has remained restrained at US$340 per tonne since October 30, found SMM.

China’s A00 aluminium ingot price has declined by RMB 60 per tonne to stand at RMB 19,170 per tonne on Thursday, November 9. The average prices are expected to range between RMB 19,150 per tonne and RMB 19,190 per tonne, with a spot contract to be traded at a discount price of RMB 80-40 per tonne.

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