A00 aluminium ingot price recorded an increase of RMB 50 per tonne, after falling four days in a row. Ingot price stood at RMB13900 per tonne on Wednesday, 19 June 2019. The average prices are expected to range between RMB13880 per tonne and RMB13920 per tonne. Spot aluminium contract is likely to be traded at a discount of RMB10 per tonne to a premium of 30 per tonne.
Aluminium ingot price in Foshan stood 0.43 per cent higher, standing at RMB13980 per tonne. The average price is expected to hover at RMB13960- 14000 per tonne today. Ingot price in Wuxi and Hangzhou increased by RMB 45 per tonne and RMB 30 per tonne to stand at RMB 13895 per tonne and RMB13905 per tonne respectively.
Aluminium ingot price in Chongqing, Shenyang, Tianjin, Linyi, and Gongyi came in at RMB13890 per tonne, RMB13895 per tonne, RMB13910 per tonne, RMB14000 per tonne, and RMB13815 per tonne.
Australian alumina FOB price stood at USD 338 per tonne on Wednesday, 19 June 2019, down USD2 per tonne. The price is expected to range within USD 338 per tonne.
The price of aluminium alloy (A356) registered a growth of RMB50 per tonne today. The price increased from RMB 14550 per tonne on Tuesday to RMB14600 per tonne on Wednesday. The price of aluminium alloy (ZLD102) and aluminium alloy (ZLD104) stood at RMB14650 per tonne RMB14600 per tonne.
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