A00 aluminium ingot price stands RMB 14510/t; Aluminium alloy (A356) price down RMB100/t
A00 aluminium ingot price registered a drop of RMB 70 per tonne on Thursday, 26 December 2019 after two back-to-back increases on December 24 and December 25. The price increased by 0.48 per cent to RMB 14510 per tonne. The price is expected to move within a range of RMB 14490-14530 per tonne. Spot aluminium price is likely to be traded at a premium of RMB 160-200 per tonne.
Aluminium ingot price in Foshan and Linyi rose by RMB 40 per tonne and RMB 20 per tonne to stand at RMB 14740 per tonne and RMB 14510 per tonne. Their average prices are likely to range at RMB 14720-14760 per tonne and RMB 14500-14520 per tonne. Aluminium ingot prices in Wuxi and Hangzhou reduced by RMB 70 per tonne and RMB 75 per tonne to stand at RMB 14540 per tonne and RMB 14510 per tonne. Their average price is expected to move within a range of RMB 14530-14550 per tonne and RMB 14500-14520 per tonne.
The prices in Chongqing, Shenyang, Tianjin and Gongyi stood at RMB 14590 per tonne, RMB 14465 per tonne, RMB 14510 per tonne, and RMB 14350 per tonne, down RMB 30 per tonne, RMB 70 per tonne, RMB 60 per tonne, and RMB 85 per tonne.
The Aluminium alloy (A356) price on Thursday inched down 0.65 per cent or RMB 100 per tonne from Wednesday’s price of RMB 15300 per tonne. The average price is expected to range within RMB 15150-15250 per tonne.
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