A00 aluminium ingot price slips RMB 20/t; Aluminium alloy (ZLD102) price stands lower at RMB14200/t
A00 aluminium ingot price dropped by RMB 20 per tonne or 0.15 per cent on Friday, 14 February 2020. The price now stood at RMB 13590 per tonne and is expected to move within a range of RMB 13570-13610 per tonne. Spot aluminium contract is likely to be traded at a discount of RMB 60-20 per tonne.
In Foshan and Wuxi, the price fell by RMB 40 per tonne and RMB 30 per tonne to stand at RMB 13620 per tonne and RMB 13580 per tonne. Their average prices are expected to range within RMB 13600-13640 per tonne and RMB 13570-13590 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 13580 per tonne and RMB 13610 per tonne, down RMB 30 per tonne and RMB 40 per tonne. Their average prices are expected to range within RMB 13570-13590 per tonne and RMB 13590-13630 per tonne.
Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi dropped to stand at RMB 13605 per tonne, RMB 13580 per tonne, RMB 13640 per tonne, and RMB 13455 per tonne.
The price of aluminium alloy (ZLD102) and aluminium alloy (ZLD104) stood at RMB 14200 per tonne each, a decrease of RMB 50 per tonne each. Their prices are expected to move within a range of RMB 14050- 14350 per tonne and RMB 14100- 14300 per tonne.
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