SMM alumina price opens the week with a surge of RMB63/t; A00 aluminium ingot price adds RMB40/t

On the other hand, the A00 aluminium ingot price in China has grown by RMB 40 per tonne to settle at RMB 20,740 per tonne, with the spot contract price expected to be traded at a discount price of RMB 0 to RMB 40 per tonne. The average prices are expected to range between RMB 20,720 per tonne and RMB 20,760 per tonne.

In Wuxi and Hangzhou, the domestic aluminium ingot price has hiked by RMB 180 per tonne and RMB 170 per tonne, halting at RMB 20,710 per tonne and RMB 20,700 per tonne. In Linyi and Chongqing, the prices have grown by RMB 160 per tonne and RMB 140 per tonne, settling at RMB 20,670 per tonne and RMB 20,620 per tonne. The domestic aluminium ingot prices in Shenyang and Tianjin have hiked by RMB 140 per tonne and RMB 110 per tonne to come in at RMB 20,620 per tonne and RMB 20,650 per tonne. In provinces like Gongyi and Foshan the aluminium ingot price has added RMB 40 per tonne and RMB 20 per tonne to arrive at RMB 20,710 per tonne and RMB 20,560 per tonne.