China’s alumina spot price drops for the second day by RMB2/t; A00 aluminium ingot price gains RMB40/t

Among the provinces, only Shanxi has witnessed a fall in the alumina price, while the rest have seen restraints. According to SMM, the average alumina spot price has shrunk by RMB 5 per tonne to settle at RMB 3,330 per tonne.

A00 aluminium ingot price

In contrast, China's domestic A00 aluminium ingot price has gained today, following a decline of RMB 70 per tonne the previous day. According to SMM, the ingot price has declined by RMB 40 per tonne to stand at RMB 19,130 per tonne on March 12, with average prices likely to range between RMB 19,110 per tonne and RMB 19,150 per tonne. The spot contract is estimated to be traded at a discount price of RMB60-20 per tonne.