SMM A00 aluminium ingot price dives by RMB160/t M-o-M; High purity aluminium price sheds RMB150/t

The Shanghai Metals Market on February 20 has shown deflecting aluminium prices, with the SMM aluminium ingot price being stuck at RMB 18,670 per tonne, down RMB 150 per tonne in one day. The average prices have ranged between RMB 18,650 per tonne and RMB 18,690 per tonne.
If we consider the SMM aluminium ingot price on January 19, we can witness a Month-on-Month slump of RMB 160 per tonne or 0.85 per cent from RMB 18,830 per recorded that day.

China’s eight major provinces have all experienced a gradual decline in SMM aluminium ingot prices, with the highest slump recorded in Hangzhou, Chongqing and Shenyang by RMB 150 per tonne, where for the first two places, the price stood at RMB 18,670 per tonne and for the latter it halted at RMB 18,720 per tonne. Tianjin also marked a similar aluminium price range as Shenyang, with a fall of RMB 100 per tonne. The aluminium price in Linyi lost RMB 130 per tonne to officiate at RMB 18,720 per tonne as well. In Gongyi and Wuxi, the SMM aluminium ingot prices have uniformly decreased by RMB 140 per tonne to close at RMB 18,580 per tonne and RMB 18,680 per tonne, respectively. Lastly, in Foshan, the aluminium price has only negated RMB 50 per tonne to arrive at RMB 18,790 per tonne.

The low carbon aluminium price in China has shifted down the graph by RMB 50 per tonne to officially close at RMB 19,567 per tonne.

The high-purity aluminium (99.99%) price and high-purity aluminium (99.996%) price in China have both discarded RMB 150 per tonne to reach RMB 26,150 per tonne and RMB 27,150 per tonne.

The prices of aluminium alloy (A356) and aluminium alloy (A360) have stooped down by RMB 150 per tonne to close at RMB 19,300 per tonne and RMB 19,550 per tonne. The price of aluminium alloys (ADC12) has dropped RMB 100 per tonne to register a rate of RMB 19,900 per tonne.

China’s aluminium powder price has shed RMB 0.10 per kg to rest at RMB 21.10 per kg, with the average prices hovering between RMB 21 per kg and RMB 21.20 per kg.