The average price of A00 aluminium ingot, a key indicator of the aluminium market, has risen to RMB 19,830 per tonne (approximately US$2717), marking an increase of RMB 150 per tonne from the previous trading session. The spot contract was traded on Friday with a discount price of RMB 80 per tonne to a discount of RMB 120 per tonne.
The average A00 aluminium ingot pricing has risen in all eight listed provinces, with average prices of A00 aluminium ingot listed as RMB 19,770 per tonne (+170) in Gongyi, RMB 20,010 per tonne (+130) in Foshan, RMB 19,850 per tonne (+160) in Wuxi, RMB 19,880 per tonne (+170) in Hangzhou, RMB 19,900 per tonne (+120) in Chongqing, RMB 19,880 per tonne in Shenyang and Tianjin with increase of RMB 90 and RMB 80, respectively, and RMB 19,890 per tonne (+170) in Linyi. The price range in the provinces has varied between RMB 19,750 per tonne to RMB 19,910 per tonne.
Alumina prices drop after massive inflation
Alumina, a crucial raw material in aluminium production, has, on the contrary, seen a slender price cut. The last day of the week has seen an average price of alumina to stand in SMM listing at RMB 5,750 (approximately US$ 788) per tonne, reflecting an RMB 7 decrease from the previous day's session.
Coming to the provincial prices, Henan and Shanxi have witnessed a price drop of RMB 10 and RMB 15 from previous day and were listed as RMB 5,740 per tonne and RMB 5,780 per tonne. On the same date, alumina pricing in Lianyungang and Bayuquan was 50 bucks short to the previous listing and both were listed at a pricing of RMB 6,100 per tonne on Friday market.
Aluminium prices rise across the board on SMM, defying previous week’s declining trend
