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08 MAY 2019 AL CIRCLE

A00 aluminium ingot price inches up after three days

EDITED BY : HEENA IQBAL 1MINS READ

A00 aluminium ingot price recorded an increase of RMB30 per tonne on Wednesday, 08 May 2019 after declining three days in a row. Ingot price increased from RMB14050 per tonne to RMB14080 per tonne. Spot aluminium contract is likely to be traded at a premium of RMB40 per tonne. The price is expected to range at RMB14060-14100 per tonne.

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Aluminium ingot price in Foshan and Wuxi rose by RMB30 per tonne and RMB25 per tonne to stand at RMB14080 per tonne and RMB14075 per tonne. Their prices are expected to range at RMB14060-14100 per tonne and RMB14070-14080 per tonne.

In other major cities like Hangzhou, Tianjin and Linyi, the aluminium ingot price increases by RMB20 per tonne each to stand at RMB14090 per tonne, RMB14100 per tonne and RMB4170 per tonne. Their prices are expected to range at RMB14080-14100 per tonne, RMB14090-14110 per tonne and RMB14160-14180 per tonne.

In Chongqing, Shenyang and Gongyi, the ingot price stood at RMB14100 per tonne, RMB14110 per tonne and RMB14020 per tonne respectively.

The prices of alumina, bauxite, aluminium alloy and prebaked anode remain unchanged today.


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EDITED BY : HEENA IQBAL 1MINS READ

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