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02 JUNE 2020 AL CIRCLE

A00 aluminium ingot price drops after three days of rise; Aluminium alloy (A356) price stands at RMB14100/t

EDITED BY : HEENA IQBAL 2MINS READ

A00 aluminium ingot price dropped by RMB 80 per tonne or 0.59 per cent from Monday’s price of RMB 13480 per tonne, after three days of increase. The price now stood at RMB 13400 per tonne today and is expected to move within a range of RMB 13380-13420 per tonne. Spot aluminium contract is likely to be traded at a premium of RMB 90-130 per tonne.

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In Foshan and Wuxi, the price reduced by RMB 120 per tonne and RMB 65 per tonne to stand at RMB 13430 per tonne and 13405 per tonne. Their average prices are expected to range within RMB 13410-13450 per tonne and RMB 13400-13410 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 13420 per tonne and 13430 per tonne, down RMB 70 per tonne and RMB 90 per tonne.

Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 13355 per tonne, RMB 13360 per tonne, RMB 13440 per tonne, and RMB 13350 per tonne.

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The price of Aluminium Alloy (A356) decreased RMB100 per tonne to range at RMB14050-14150 per tonne as on June 2. Aluminium Alloy (A356) price stood at RMB14100 per tonne. Aluminium Alloy (ZLD102) and Aluminium Alloy (ZLD104) declined RMB50 per tonne each to RMB14000 per tonne each.


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EDITED BY : HEENA IQBAL 2MINS READ

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