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18 JUNE 2020 AL CIRCLE

Alumina price in China stands marginally higher; Australian alumina FOB price up USD2/t

EDITED BY : HEENA IQBAL 2MINS READ

The average spot alumina price in China has risen by RMB 2 per tonne or 0.09 per cent on Thursday, after remaining flat on Wednesday. Alumina price stands at RMB 2261 per tonne. Alumina prices have remained unchanged across all major markets, except North China market.

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The price of alumina in North market has increased by RMB 5 per tonne to stand at RMB 2265 per tonne. Alumina-Central, Alumina-East and Alumina-South remain unchanged at RMB 2260 per tonne, RMB 2225 per tonne and RMB 2520 per tonne.

Australian alumina FOB price stands at USD260 per tonne, from USD258 per tonne on Thursday. This records a rise of USD2 per tonne.

The price of Aluminium Alloy (A356) has decreased RMB100 per tonne to range at RMB14600-14700 per tonne as on June 18. Aluminium Alloy (A356) price stands at RMB14650 per tonne. Aluminium Alloy (ZLD102) and Aluminium Alloy (ZLD104) has inched down by RMB50 per tonne each RMB14600 per tonne.

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A00 aluminium ingot price has reduced by RMB 110 per tonne to RMB 13970 per tonne, from its previous price of RMB 14080 per tonne. The price is expected to move within a range of RMB 13950-13990 per tonne. Spot aluminium price is likely to be traded at a premium of RMB 180-220 per tonne.


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EDITED BY : HEENA IQBAL 2MINS READ

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