Aluminium alloys (ADC12) price grows by RMB100/t after two days of restraint; A00 aluminium ingot price declines

After two consecutive days of restraint at RMB 14,650 per tonne, the price of the aluminium alloys (ADC12) has recorded a rise of RMB 100 per tonne to stand at RMB 14,750 per tonne on November 26, found Shanghai Metals Market. The average prices are expected to range between RMB 14,650 per tonne and RMB 14,850 per tonne. It is to be noted here that the aluminium alloys (ADC12) price has shown a growing trend through November of about RMB 500 per tonne, except a few intermittent restraints.

In the east and south today, the aluminium alloys (ADC12) price has grown by RMB 100 per tonne to RMB 14,750 per tonne and RMB 14,700 per tonne, while that in the west has inched up by RMB 50 per tonne to come in at RMB 14,400 per tonne.

The price of the aluminium alloy (A380) has also registered a growth of RMB 100 per tonne to RMB 15,650 per tonne on November 26, found SMM, but that of the price of the aluminium alloy (A356) has seen a decline of RMB 50 per tonne from RMB 14,650 per tonne, as of November 25, to RMB 14,700 per tonne on November 26.

The A00 aluminium ingot price has also decreased today, on November 26, from RMB 14,060 per tonne to RMB 13,990 per tonne, marking the decline of RMB 70 per tonne. The average prices are expected to range between RMB 13,970 per tonne and RMB 14,010 per tonne, with spot contract to be traded at a premium price of RMB 80-120 per tonne.

The markets in Foshan, Wuxi, and Tianjin have also seen a decline of RMB 70 per tonne in A00 aluminium ingot price. Linyi among all has seen the highest fall of RMB 90 per tonne, followed by Gongyi and Chongqing by RMB 85 per tonne and RMB 80 per tonne, respectively. In Shenyang and Hangzhou, the price has dropped by RMB 40 per tonne and RMB 30 per tonne.