A00 aluminium ingot price registered an increase of RMB 150 per tonne or 1.25 per cent from Thursday’s price of RMB 12000 per tonne. The price now stood at RMB 12150 per tonne on Friday, 17 April 2020 and is expected to move within a range of RMB 12130-12170 per tonne. Spot aluminium contract is likely to be traded at a discount of RMB 10 to a premium of 30 per tonne.
In Foshan and Wuxi, the price rose by RMB 140 per tonne and RMB 160 per tonne to stand at RMB 12190 per tonne and 12170 per tonne. Their average prices are expected to range within RMB 12170-12210 per tonne and RMB 12160-12180 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 12180 per tonne and 12190 per tonne, up RMB 150 per tonne each.
Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 12185 per tonne, RMB 12175 per tonne, RMB 12310 per tonne, and RMB 12175 per tonne.
The aluminium alloy (ADC12) price was up by RMB 50 per tonne to RMB 13800 per tonne. The price is expected to range at RMB 13700 per tonne-13900 per tonne. The prices of aluminium alloys in East and South stood at RMB 13800 per tonne and RMB 13650 per tonne, an increase of RMB 50 per tonne each.
The Aluminium alloy (A380) and Aluminium alloy (A356) inched up by RMB 50 per tonne and RMB 150 per tonne to RMB 14700 per tonne and RMB 12850 per tonne on Friday, 17 April 2020. The prices are expected to range at RMB 14600-14800 per tonne and RMB 12800-12900 per tonne.
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