Aluminium ingot price declines by RMB 60/t; Aluminium Alloy (A356) stands at RMB 15700/t
SMM aluminium ingot price has registered a decline after three days of hike. The price stood at RMB 15090 per tonne on Wednesday, 04 November 2020, marking a decline of RMB 60 per tonne. The price is expected to range at RMB 15070-15110 per tonne.
In Foshan and Wuxi, the price has decreased by RMB 90 per tonne and RMB 60 per tonne to stand at RMB 14960 per tonne and RMB 15080 per tonne. Their average prices are expected to range within RMB 14940-14980 per tonne and RMB 15070-15090 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15080 per tonne and RMB 15020 per tonne, down RMB 50 per tonne and RMB 40 per tonne.
Aluminium ingot prices in Shenyang, Tianjin, and Linyi have dropped to stand at RMB 15110 per tonne, RMB 15055 per tonne, and RMB 15055 per tonne, down RMB 55 per tonne, RMB 35 per tonne and RMB 35 per tonne.
Aluminium Alloy (A356) price has reduced by RMB 50 per tonne to RMB 15700 per tonne on Wednesday, 04 November 2020. The price is expected to move within a range of RMB 15650- 15750 per tonne. The prices of aluminium alloy (ZLD102) and aluminium alloy (ZLD104) stand at RMB 15700 per tonne each, a decrease of RMB 50 per tonne each.
NALCO increases its aluminium ingot price for the third time in a row by INR600/t w.e.f. November 1
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