A00 aluminium ingot price slipped by RMB 70/t; Aluminium alloy (A356) price decreased to stand at RMB 15000/t
A00 aluminium ingot price registered a decrease of RMB 70 per tonne from Monday’s price of RMB 14480 per tonne. The price now stood at RMB 14410 per tonne on Tuesday, 21 July 2020 and is expected to move within a range of RMB 14390-14430 per tonne.
In Foshan and Wuxi, the price dropped by RMB 110 per tonne and RMB 90 per tonne to stand at RMB 14320 per tonne and 14410 per tonne. Their average prices are expected to range within RMB 14300-14340 per tonne and RMB 14400-14420 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14430 per tonne and 14280 per tonne, down RMB 90 per tonne each.
Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 14360 per tonne, RMB 14400 per tonne, RMB 14470 per tonne, and RMB 14370 per tonne.
The Aluminium alloy (A356) price was down by RMB 100 per tonne to RMB 15000 per tonne. The price is expected to range at RMB 14950 per tonne-15050 per tonne.
LME aluminium price closed slightly higher at $1621/t on lower opening stock; SHFE increased after four declines in a row
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