A00 aluminium ingot price has edged higher by RMB 50 per tonne or 0.35 per cent to stand at RMB 14470 per tonne on Wednesday, 11 September 2019, from its previous price of RMB 14420 per tonne on September 10. The price is expected to range at RMB 14450-14490 per tonne. Spot aluminium price is likely to be traded at a discount of RMB 20 per tonne to a premium of RMB 20 per tonne.
In Foshan and Wuxi, aluminium ingot price has increased by RMB 40 per tonne each to stand at RMB 14480 per tonne and RMB 14450 per tonne. Their average prices are expected to range within RMB 14460- 14500 per tonne and RMB 14440- 14460 per tonne. Aluminium price in Hangzhou is up RMB 45 per tonne to RMB 14470 per tonne. The average price is expected to range within 14460- 14480 per tonne.
Chongqing aluminium price is up by RMB 40 per tonne to RMB 14480 per tonne. Aluminium ingot prices in Shenyang and Tianjin stand at RMB 14435 per tonne and RMB 14430 per tonne, up RMB 70 per tonne and RMB 40 per tonne. Aluminium ingot prices in Linyi and Gongyi stand at RMB 14470 per tonne and RMB 14360 per tonne.
Australian alumina FOB price stands at USD 293 per tonne as of Wednesday, 11 September 2019, down USD 3 per tonne from its previous price of USD 296 per tonne.
Aluminium Alloy (A356) price has increased by RMB 50 per tonne to RMB 15100 per tonne and is expected to move within a range of RMB 15050- 15150 per tonne. The prices of aluminium alloy (ZLD102) and aluminium alloy (ZLD104) stand at RMB 15200 per tonne and RMB 15150 per tonne.
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