China’s alumina price drop causes no impact on primary aluminium price; A00 aluminium ingot price gains RMB100/t

A00 aluminium ingot price:

Despite the drop in input cost, A00 aluminium ingot price has moved up by RMB 100 per tonne to close the week at RMB 18,960 per tonne. The average prices are expected to range between RMB 18,940-18,980 per tonne, with average prices likely to be traded at a discount price of RMB 30 per tonne and a premium price of RMB 10 per tonne.

On a week-on-week basis, the primary aluminium ingot price has edged an increase of RMB 90 per tonne or 0.48 per cent from RMB 18,870 per tonne, and on an annual basis, the price is only higher by RMB 40 per tonne than RMB 18,920 per tonne.