Spot alumina prices drop in major Chinese markets; A00 ingot follows the downtrend

Alumina prices in China declined slightly after a recent rise. Alumina market participants were enthusiastic driven by falling alumina prices restocking their inventories.

As on June 14 2017, as reported by Shanghai Metals Market; the average spot alumina price in East China market dropped from RMB 2,670 /t on June 13 to stand at RMB 2,660 /t.  In the Central China Market, the average spot alumina price stands at RMB 2,660 /t, down from RMB 2,670 /t on June 13. In the North China Market too, the average spot alumina price dropped from RMB 2,670/t on June 13 to stand at RMB 2,660/t. The prices in these three major markets have come to a parallel level.

The average spot alumina price in South China market remains unchanged at RMB 2,610/t on June 14. Market price difference between north China and south China dropped to RMB 50/t today from RMB 60/t yesterday.

Chalco alumina prices and average imported alumina prices remain flat at RMB 2,650/t and RMB 2,800/t.  Currently, Central China market has the highest alumina price excluding the prices offered by Chalco.

Following the fall in alumina prices, China Aluminum International Trading Co. (Chalco Trading) lowered aluminium prices it offered in major markets today for three days in a row.

The prices for A00 Aluminium Ingot in two China markets (South and South-West) have plunged further after the last gain on June 8.  Aluminium Ingot at South China market plunged from RMB 13,655/t on June 13 to RMB 13,625/t on June 14.  For the Southwest China market, the price dropped from RMB 13,585 /t on June 13 to RMB 13,575/t on June 14.

The price in East China market (Zhejiang) increased from RMB 13,550 /t on June 13 to RMB 13,560/t on June 14.

Currently, among the domestic markets, the prices for A00 Aluminium Ingot in North China, East China (Jiangsu province) and Northeast China market remain unchanged from yesterday at RMB 13,600 /t, RMB 13,545 /t and RMB 13,590 /t respectively.

A00 Aluminium Ingot in spot China market is trading at discounts of RMB 60-20/t.

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