A00 aluminium price registers a drop after three days of rise; expected to range at RMB14540-14580/t
After a continuous rise for the past three days in a row, A00 aluminium ingot price declined by RMB 20 per tonne from its earlier price to RMB14580 per tonne on Friday, 03 January 2020. The price stood at RMB 14560 per tonne and expected to move within a range of RMB 14540-14580 per tonne. Spot aluminium price is likely to be traded at a premium of RMB 140-180 per tonne.
Source: Shanghai Metals Market
Aluminium prices in Foshan, Wuxi and Hangzhou dropped by RMB 10 per tonne, RMB 20 per tonne and RMB 25 per tonne to RMB 14750 per tonne, RMB 14540 per tonne and RMB 14535 per tonne. Their average price is expected to range at RMB 14730-14770 per tonne, RMB 14530-14550 per tonne and RMB 14530-14540 per tonne.
In Chongqing and Shenyang, aluminium ingot price stood at RMB 14560 per tonne and RMB 14515 per tonne, down RMB 30 per tonne and RMB 20 per tonne. Their average prices are expected to range at RMB 14540-14580 per tonne and RMB 14510-14520 per tonne.
In Tianjin and Linyi, the price declined by RMB 30 per tonne and RMB 20 per tonne to stand at RMB 14520 per tonne and RMB 14530 per tonne. Their average prices are expected to range within RMB 14510-14530 per tonne and RMB 14520-14540 per tonne.
The prices of alumina, Bauxite (6.0≤Al/Si＜7.0)Shanxi, and prebaked anode remained unchanged at RMB 2437 per tonne, RMB 560 per tonne, and RMB 2780 per tonne.
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