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09 DECEMBER 2019 AL CIRCLE

A00 aluminium ingot price starts the week lower at RMB 14060/t; Aluminium alloy (ADC12) up by 0.34%

EDITED BY : HEENA IQBAL 2MINS READ

A00 aluminium ingot price opened the week lower at RMB 14060 per tonne on Monday, 09 December 2019, marking a drop of RMB 10 per tonne or 0.07 per cent from Friday’s price of RMB 14070 per tonne. The price is expected to range at RMB 14040-14080 per tonne. Spot aluminium price is likely to trade at a premium of RMB 20-60 per tonne.

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Source: Shanghai Metals Market

A00 aluminium ingot prices in Wuxi and Tianjin stood at RMB 14070 per tonne and RMB 14075 per tonne, up RMB 10 per tonne each. Their average prices are expected to range within RMB 14060-14080 per tonne and RMB 14070-14080 per tonne. The prices in Hangzhou and Gongyi dropped by RMB 20 per tonne and RMB 10 per tonne to stand at RMB 14085 per tonne and RMB 13965 per tonne.

Aluminium ingot prices in Foshan, Chongqing, Shenyang, and Linyi remained the same at RMB 14060 per tonne, RMB 14060 per tonne, RMB 14050 per tonne, and RMB 14070 per tonne.

The aluminium alloy (ADC12) price was up by RMB 50 per tonne to RMB 14850 per tonne. The price is expected to range at RMB 14750 per tonne-14950 per tonne. The prices of aluminium alloys in East, South, and West stood at RMB 14850 per tonne, RMB 14800 per tonne, and RMB 14550 per tonne, an increase of RMB50 per tonne each.

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The Aluminium alloy (A380) inched up by RMB 50 per tonne to RMB 15750 per tonne on December 9. The price is expected to range at RMB 15650-15850 per tonne.


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EDITED BY : HEENA IQBAL 2MINS READ

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