China’s A00 aluminium ingot price grows by RMB70/t; Aluminium powder price moves up to RMB21.4/kg
On Monday, November 27, China’s A00 aluminium ingot price has grown by RMB 70 per tonne to clock at RMB 18,890 per tonne. The average prices are expected to stand between RMB 18,870 per tonne and RMB 18,910 per tonne, with the spot contract price expected to be traded at a discount price of RMB 40 per tonne to a premium price of 0 per tonne.
As per the Shanghai Metals Market (SMM) data, the prices in Foshan, Wuxi and Hangzhou have gained RMB 80 per tonne to halt at RMB 18,990 per tonne and RMB 18,890 per tonne. On the same day, the prices in Gongyi and Chongqing have ascended by RMB 70 per tonne to settle at RMB 18,910 per tonne. The prices in Shenyang and Linyi have hiked by RMB 20 per tonne to peg at RMB 18,910 per tonne and RMB 18,940 per tonne. Except in Tianjin, the A00 aluminium ingot price has dropped by RMB20 per tonne to rest at RMB 18,900 per tonne.
