A00 aluminium ingot price edges lower by RMB 60/t; Aluminium Alloy (A356) price stands RMB50/t lower
A00 aluminium ingot price has edged lower by RMB 60 per tonne on Tuesday, 27 October 2020 after remaining flat October 26. The price now stands at RMB 14880 per tonne today, from its previous price of RMB 14940 per tonne. The price is expected to range at RMB 14860-14900 per tonne.
In Foshan and Wuxi, the price has decreased by RMB 70 per tonne and RMB 40 per tonne to stand at RMB 14850 per tonne and RMB 14880 per tonne. Their average prices are expected to range within RMB 14830-14870 per tonne and RMB 14870-14890 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 14900 per tonne and RMB 14865 per tonne, down RMB 30 per tonne and RMB 25 per tonne.
Aluminium ingot prices in Tianjin, Linyi and Gongyi have dropped to stand at RMB 14870 per tonne, RMB 14890 per tonne, and RMB 14760 per tonne, down RMB 30 per tonne, RMB 75 per tonne and RMB 80 per tonne.
Aluminium Alloy (A356) price has decreased by RMB 50 per tonne to RMB 15500 per tonne on Tuesday, 27 October 2020 and is expected to move within a range of RMB 15450- 15550 per tonne. The prices of aluminium alloy (ZLD102) and aluminium alloy (ZLD104) stand at RMB 15500 per tonne each, a drop of RMB 50 per tonne each.
LME aluminium price shed $6.5/t to settle at $1822.5/t; SHFE price decreased to $2200/t
Next articleAlba made a loss of BD 11.6 million in Q3 2020 as its Revenue from Contracts with Customers declined 8.5% YoY
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