The Y-o-Y price leap has caused a frown in many, as doubt remains about how China maintains its alumina export relations with Russia if the country itself is suffering due to Guinea's bauxite export issues.
The provincial alumina prices (regions where the price inflation was reflected) in the Chinese Metals Market on Tuesday ranged between RMB 4,400 per tonne and RMB 4,870 per tonne. Meanwhile, Shandong and Henan saw an average price of RMB 4,725 per tonne, and Shanxi, Guizhou, and Guangxi saw an average price of RMB 4,785, RMB 4,550 and RMB 4,650 per tonne, respectively.
A00 aluminium ingot prices overall have dropped slightly with a range of RMB 20,720-20,760 per tonne (average price RMB 20,740 per tonne) The spot contract is to be traded on Tuesday with a discount of RMB 10 to a premium of RMB 30 per tonne.
Contradictory to Monday's pricing, the average A00 aluminium ingot pricing declined in most provinces, with prices depicted as: RMB 20,750 per tonne (-50) in Gongyi, RMB 20,520 per tonne (-60) in Foshan, RMB 20,750 per tonne (-50) in Wuxi, RMB 20,750 per tonne (-40) in Hangzhou, RMB 20,630 per tonne (-60) in Chongqing, RMB 20,660 per tonne (-30) in Shenyang, RMB 20,690 per tonne (-50) in Tianjin and RMB 20,720 per tonne (-70) in Linyi. The price range in the provinces varies between RMB 20,500 per tonne to RMB 20,770 per tonne.
