Spot alumina prices in major China markets continue rising; A00 aluminium ingot prices drop

Spot alumina prices in China are on an upward track and now continue to grow firm throughout all the major markets.

As on June 1 2017, as reported by Shanghai Metals Market; the average spot alumina price in East China market increased from RMB 2,510 /t on May 31 to stand at RMB 2,550 /t.  In the Central China Market, the average spot alumina price stands at RMB 2,540 /t, up from RMB 2,500 /t on May 31.

The average spot alumina price in South China market increased from RMB 2,475/t on May 31 to stand at RMB 2,500/t today. In the North China Market, the average spot alumina price increased from RMB 2,495/t on May 31 to stand at RMB 2,530/t. Market price difference between north China and south China increased to RMB 30/t today from RMB 20/t yesterday.

Alumina prices from large scale alumina enterprises remain unchanged in May.  Chalco alumina prices stand at RMB 2,550/t and are expected to move within a range of RMB 2,500- 2,600/t.

In the import market; average imported alumina price remains flat at RMB 2,800/t and it is expected to move within a range of RMB 2,770- 2,830/t.

Currently, among the domestic markets, East China market has the highest alumina price, North China following close.

The prices for A00 Aluminium Ingot for all provinces in the China markets (North, South, North-East and South-West) have registered a drop in last two days consecutively. Currently, among the domestic markets, A00 Aluminium Ingot at South China market dropped to RMB 13725/t from RMB 13,800/t on May 31. The price in North China market dropped to RMB 13,700/t from RMB 13,800/t. the price in East China market (Zhejiang) dropped to RMB 13,670/t on June 1 from RMB 13,760/t yesterday and for Jiangsu province it dropped to RMB 13,660/t on June 1 from RMB 13,735/t. For the Northeast China market, the price dropped to RMB 13,685/t on June 1 from RMB 13,775/t. For the Southwest China market, the price dropped to RMB 13,690/t on June 1 from RMB 13,780/t on May 31.

A00 Aluminium Ingot in spot China market is trading at discounts of RMB 80-40/t.

As on June 1, price for Aluminium Alloy (A380) in China stands at RMB 15,650/t and is expected to move within a range of RMB 15,550- 15,750/t over the day. Aluminium Alloy (A356) price stands at RMB 14,550/t and expected to move within a range of RMB 14,250- 14,350/t.

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