A00 aluminium price ends the week lower at RMB14010/t; Aluminium alloy (A356) down by 0.68%

A00 aluminium ingot price ended the week lower at RMB 14010 per tonne on Friday, 13 December 2019, representing a drop of RMB 70 per tonne or 0.50 per cent from Thursday’s price of RMB 14080 per tonne. The price is expected to range at RMB 13990-14030 per tonne. Spot aluminium contract is likely to be traded at a discount of RMB 20 per tonne to a premium of RMB 20 per tonne.

Source: Shanghai Metals Market

Chongqing witnessed the highest drop in aluminium ingot price today. Chongqing price came in at RMB 14000 per tonne, down by RMB 110 per tonne. The average price is likely to move within a range of RMB 13980-14020 per tonne. In Foshan and Wuxi, aluminium ingot price declined by RMB 70 per tonne and RMB 50 per tonne to stand at RMB 14000 per tonne and RMB 14010 per tonne. Their average prices are expected to range within RMB 13980-14020 per tonne and RMB 14000-14020 per tonne.

Aluminium ingot prices in Hangzhou, Shenyang, Tianjin, and Linyi stood at RMB 14020 per tonne, RMB 14055 per tonne, RMB 14030 per tonne and RMB 14040 per tonne, down RMB 70 per tonne, RMB 65 per tonne, RMB 60 per tonne, and RMB 70 per tonne. Gongyi aluminium price fell by RMB 50 per tonne to RMB 13945 per tonne.

Aluminium Alloy (A356) price was down by RMB 100 per tonne to RMB 14700 per tonne and is expected to move within a range of RMB 14650- 14750 per tonne. The prices of aluminium alloy (ZLD102) and aluminium alloy (ZLD104) stood at RMB 14750 per tonne and RMB 14700 per tonne. Their average prices are expected to range at RMB 14600- 14900 per tonne and RMB 14600- 14800 per tonne.