Aluminium alloy (A356) price declines by RMB100/t after two consecutive days of rise; Primary aluminium price reduces to RMB18660/t

According to the Shanghai Metals Market, aluminium alloy (A356) price in China has recorded a decrease of RMB 100 per tonne on Thursday, June 24, after the past two consecutive days of hike from RMB 18,950 per tonne to RMB 19,350 per tonne. The decline today has brought the aluminium alloy price to INR 19,250 per tonne, with average prices expected to range between RMB 19,200-19,300 per tonne.

However, aluminium alloys (ADC12) price and aluminium alloy (A380) price have continued to remain restrained at RMB 18,300 per tonne and RMB 19,300 per tonne, found SMM.

A00 aluminium ingot price has also registered a downfall of RMB 110 per tonne to stand at RMB 18,660 per tonne on Thursday, June 24. The average prices are expected to range between RMB 18,640 per tonne and RMB 18,680 per tonne, with spot contract to be traded at a premium price of RMB 10-30 per tonne.

In Hangzhou, A00 aluminium ingot price has decreased by RMB 135 per tonne to RMB 18,650 per tonne, followed by the decline of RMB 130 per tonne in Foshan to stand at RMB 18,850 per tonne. In Wuxi, primary aluminium ingot price is also standing at RMB 18,650 per tonne, registering a decline of RMB 125 per tonne. In Shenyang, primary aluminium price has also plunged by RMB 125 per tonne to come in at RMB 18,625 per tonne, while the price in Chongqing has reduced by RMB 120 per tonne to RMB 18,680 per tonne.

In Gongyi, Tianjin, and Linyi, aluminium price has decreased by RMB 110 per tonne to stand at RMB 18,600 per tonne, RMB 18,640 per tonne, and RMB 18,670 per tonne, respectively.