Alumina price in China continues downward trend; ingot prices extend gains

Spot alumina prices in China are dropping from November 23 continuing in March. As updated by Shanghai Metals Market, average spot alumina price has dropped from RMB2764 per tonne on March 4 to RMB2749 per tonne on March 5, 2019. The fall in alumina price can be seen in the following graph.

Alumina-Central and Alumina-North have declined RMB20 per tonne and RMB15 per tonne to stand at RMB2760 per tonne and RMB 2740 per tonne as of Tuesday, 05 March 2019. Alumina-South has reduced RMB5 per tonne to stand at 2740 per tonne. Alumina-East remains unchanged at RMB2760 per tonne.

In another update from SMM, A00 aluminium ingot price has registered an increase of RMB70 per tonne or 0.51 per cent. Ingot price stands at RMB13700 per tonne as of Tuesday, 05 March 2019.The average price is expected to range between RMB13680 per tonne and RMB13720 per tonne, with spot discounts to settle at RMB60-20 per tonne.

Ingot price has also increased in all major China markets. Aluminium ingot price in East (Wuxi) and East (Hangzhou) stood at RMB13690 per tonne. Aluminium ingot price in the South and North have increased to RMB13710 per tonne and RMB13680 per tonne respectively.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.