Aluminium ingot pricing, both primary and secondary, on the downward slope on SMM listing

On Tuesday, November 26, the average price of A00 aluminium ingot in the Shanghai Metals Market stood at RMB 20,600 per tonne, with a fall of RMB 70 to yesterday's price. The price change was witnessed to be 1.1 per cent lower M-o-M and merely 0.3 per cent higher W-o-W.

The pricing declined in most provinces, with prices depicted as RMB 20,490 per tonne (-100) in Gongyi, RMB 20,520 per tonne (-70) in Foshan, RMB 20,590 per tonne (-70) in Wuxi, RMB 20,640 per tonne (-60) in Hangzhou, RMB 20,550 per tonne (-70) in Chongqing and RMB 20,600 per tonne (-70) in Shenyang. Prices in Tianjin and Linyi were also listed at a decreased price of RMB 20,550 per tonne (-150) and RMB 20,600 per tonne (-90), respectively. The range of A00 aluminium ingot pricing in the listed regions of the nation was between RMB 20,470 per tonne and RMB 20,660 per tonne on Tuesday.

The high-purity aluminium ingot prices of 99.99 per cent and 99.96 per cent variants are RMB 27,600 per tonne (range RMB 27,200-28,000 per tonne) and RMB 28,600 per tonne (range RMB 28,200-29,000 per tonne) with a 100 bucks drop to Tuesday (November 26) price. As for the low-carbon aluminium ingot pricing, the average price listed on SMM showed RMB 21,603 per tonne (-77).

Most of the aluminium alloy ingots' prices remained unchanged on the second day of the week. Only A360 ranged from RMB 21,100 to RMB 21,300 per tonne, with an average of RMB 21,200 per tonne, sinking a further RMB 50 as compared to the previous day.