SMM A00 aluminium ingot price registers RMB90/t drop post-CNY Holiday; Low carbon aluminium price contracts by RMB80/t

The domestic price of low-carbon aluminium has declined by RMB 80 per tonne, scoring at RMB 19,617 per tonne. As per the SMM data, the high-purity aluminium (99.99%) price and high-purity aluminium (99.996%) price have fallen by RMB 100 per tonne to close at RMB 26,300 per tonne and RMB 27,300 per tonne.

The price of aluminium alloy (A356) has declined by RMB 100 per tonne to arrive at RMB 19,450 per tonne, with average prices between RMB 19,300 per tonne and RMB 19,600 per tonne. On the other hand, the prices of both aluminium alloys (ADC12) and (A380) have remained the same at RMB 20,000 per tonne and RMB 21,000 per tonne. The price of aluminium powder has been decreased by RMB 0.1 per kg to settle at RMB 21.2 per kg, with the average prices between RMB 21.1 per kg and RMB 21.3 per kg.