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10 MARCH 2021 AL CIRCLE

Alumina price in Shandong stands RMB 10/t higher; Australian alumina FOB down by USD 4/t

EDITED BY : HEENA IQBAL 2MINS READ

As updated by Shanghai Metals Market, alumina price in Shandong China market has marked a hike after two days of restraint. The price has increased by RMB 10 per tonne to stand at RMB 2340 per tonne on Wednesday, 10 March 2021. Alumina price in other major markets remained unchanged today.

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Australian alumina FOB price stood at USD 292 per tonne. That registered a decrease of USD 4 per tonne.

SMM aluminium ingot price stood lower for the two days in a row. The price came in at RMB 17090 per tonne on Wednesday, 10 March 2021. That marked a drop of RMB 90 per tonne. The price is expected to range at RMB 17070-17110 per tonne.

On Wednesday, 10 March 2021, in Foshan and Wuxi, the price declined by RMB 100 per tonne and RMB 85 per tonne to stand at RMB 17080 per tonne and 17120 per tonne. Aluminium prices in Hangzhou and Chongqing stood at RMB 17140 per tonne and 17065 per tonne, down RMB 70 per tonne and RMB 105 per tonne.

Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 17100 per tonne, RMB 17090 per tonne, RMB 17140 per tonne, and RMB 16990 per tonne.

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The aluminium alloy (ADC12) price was down by RMB 50 per tonne to RMB 17950 per tonne. The price is expected to range at RMB 17850 per tonne-18050 per tonne. The prices of aluminium alloys in East, South and Southwest stood at RMB 17950 per tonne, RMB 17850 per tonne and RMB 17800 per tonne, a decrease of RMB 50 per tonne each.


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EDITED BY : HEENA IQBAL 2MINS READ

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