A00 aluminium ingot prices edge higher after two days of decline; expected to range at RMB 14250-14290/t
A00 aluminium ingot price has edged higher by RMB 20 per tonne or 0.14 per cent today. As on Tuesday, 27 August 2019, ingot price ranged at RMB 14250-14290 per tonne; the average price stood at RMB 14270 per tonne, from its previous price of RMB 14250 per tonne on August 26.
In Foshan and Wuxi, aluminium ingot price has increased by RMB 20 per tonne and RMB 40 per tonne to stand at RMB 14290 per tonne each. Their average price is expected to range within RMB 14270- 14310 per tonne and RMB 14280- 14300 per tonne. Aluminium price in Hangzhou is up RMB 40 per tonne at RMB 14300 per tonne. The average price is expected to range within 14290- 14310 per tonne.
Chongqing aluminium price is up by RMB 10 per tonne to RMB 14290 per tonne. Aluminium ingot prices in Shenyang and Tianjin stood at RMB 14260 per tonne each, up RMB 30 per tonne and RMB 40 per tonne. Aluminium ingot prices in Linyi and Gongyi came in at RMB 14290 per tonne and RMB 14170 per tonne.
Australian alumina FOB price stands at USD 298 per tonne, down USD 2 per tonne from its previous price.
LME remained closed on August 26 for Summer Bank Holiday; SHFE aluminium closed flat on easing of trade tension
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