A00 aluminium price registers a drop of RMB10/t; expected to range at RMB12950-12990/t
A00 aluminium ingot price registered a drop of RMB 10 per tonne or 0.08 per cent from Wednesday’s price of RMB 12980 per tonne. The price now stood at RMB 12970 per tonne and is expected to move within a range of RMB 12950-12990 per tonne. Spot aluminium contract is likely to be traded at a premium of RMB 70-110 per tonne.
In Foshan and Chongqing, the price fell by RMB 40 per tonne and RMB 10 per tonne to stand at RMB 13120 per tonne and RMB 13040 per tonne. Their average prices are expected to range within RMB 13100-13140 per tonne and RMB 13020-13060 per tonne. The price in Wuxi and Hangzhou remained unchanged at RMB 12980 per tonne and RMB 13000 per tonne.
Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi dropped to stand at RMB 12975 per tonne, RMB 13030 per tonne, RMB 13130 per tonne, and RMB 13150 per tonne.
As far is raw material is concerned, alumina, bauxite, Alumina (Imported) and prebaked anode remained unchanged on Thursday, 07 May 2020.
LME aluminium extended growth to US$1443/t on lower opening stock; SHFE increased to US$1816/t
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