A00 aluminium ingot price inches down by RMB 140/t; Aluminium alloy (A356) price stands at RMB15200/t
A00 aluminium ingot price registered a drop after an increase of RMB 70 per tonne. The price reduced by RMB 140 per tonne to stand at RMB 14580 per tonne on Monday, 10 August 2020 and is expected to move within a range of RMB 14560-14600 per tonne.
In Foshan and Wuxi, the price declined by RMB 150 per tonne and RMB 140 per tonne to stand at RMB 14480 per tonne and RMB 14590 per tonne. Their average prices are expected to range within RMB 14460-14500 per tonne and RMB 14580-14600 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14590 per tonne and 14440 per tonne, down RMB 150 per tonne and RMB 135 per tonne.
Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi dropped to stand at RMB 14610 per tonne, RMB 14600 per tonne, RMB 14780 per tonne, and RMB 14590 per tonne.
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The price of aluminium alloy (ZLD102) and aluminium alloy (ZLD104) stood at RMB 15200 per tonne each, a decrease of RMB 100 per tonne each. The price of Aluminium Alloy (A356) was down by RMB100 per tonne to range at RMB15150-15250 per tonne as on Thursday, 23 July 2020. Aluminium Alloy (A356) price stood at RMB15200 per tonne.
LME aluminium price edged higher at $1744/t on decreasing opening stock; SHFE stood lower at $2087/t
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