A00 aluminium ingot price climbs by RMB 110/t; Aluminium alloy (A356) price stands at RMB14200/t
A00 aluminium ingot price climbed by RMB 110 per tonne or 0.82 per cent from Wednesday’s price of RMB 13390 per tonne, after two days of decrease. The price now stood at RMB 13500 per tonne today and is expected to move within a range of RMB 13480-13520 per tonne. Spot aluminium contract is likely to be traded at a premium of RMB 90-130 per tonne.
In Foshan and Wuxi, the price inched up by RMB 120 per tonne and RMB 110 per tonne to stand at RMB 13500 per tonne each. Their average prices are expected to range within RMB 13480-13520 per tonne and RMB 13490-13510 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 13510 per tonne and 13500 per tonne, up RMB 90 per tonne and RMB 100 per tonne.
Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi rose to stand at RMB 13455 per tonne, RMB 13460 per tonne, RMB 13540 per tonne, and RMB 13430 per tonne.
The price of Aluminium Alloy (A356) increased by RMB100 per tonne to range at RMB14150-14250 per tonne as on June 4. Aluminium Alloy (A356) price stood at RMB14200 per tonne.
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