A00 aluminium ingot price in China opens the week with a plunge of RMB400/t; Average alumina spot price slips by RMB4/t

On Monday, June 13, A00 aluminium ingot price in China halted at RMB 20,100 per tonne, falling sharply by RMB 400 per tonne, as shown in the SMM data. The average price is expected to hover between RMB 20,080 per tonne and RMB 20,120 per tonne, with spot contract to be traded at a discount price of RMB -50 per tonne and RMB -10 per tonne.

Aluminium alloy (ADC12) price and (A380) price has slipped by RMB 100 per tonne to peg at RMB 20,250 per tonne and RMB 21,250 per tonne. The average price for (ADC12) is expected to range between RMB 20,150 per tonne and RMB 20,350 per tonne. For aluminium alloy (A380), the average price is expected to orbit between RMB 21,150 per tonne and RMB 21,350 per tonne. According to the SMM data, aluminium alloy (A356) price has plunged by RMB 400 per tonne to score at RMB 21,200 per tonne, with the average price expected to hover between RMB 21,100 per tonne and RMB 21,300 per tonne.

Australian alumina FOB price has gone up by US$5 per tonne to come in at US$365 per tonne. Aluminium powder price has inched down by RMB 0.4 per kg to settle at RMB 22 per kg, with the average price expected to range between RMB 21.9 per kg and RMB 22.1 per kg.