Aluminium ingot prices in China stands at RMB 15670/t; Aluminium Alloy (A356) price up by RMB 50/t
SMM aluminium ingot price has started the week higher. The price stands at RMB 15670 per tonne on Monday, 16 November 2020, marking an increase of RMB 40 per tonne. The price is expected to range at RMB 15650-15690 per tonne.
In Foshan and Wuxi, the price has risen by RMB 30 per tonne and RMB 40 per tonne to stand at RMB 15670 per tonne and RMB 15680 per tonne. Their average prices are expected to range within RMB 15,650-15,690 per tonne and RMB 15,670-15,690 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15680 per tonne and RMB 15590 per tonne, up RMB 120 per tonne and RMB 20 per tonne.
Aluminium ingot prices in Tianjin and Linyi have increased to stand at RMB 15610 per tonne and RMB 15620 per tonne, up RMB 30 per tonne and RMB 10 per tonne.
Aluminium Alloy (A356) price has risen by RMB 50 per tonne to RMB 16350 per tonne on Monday, 16 November 2020. The price is expected to move within a range of RMB 16300- 162400 per tonne. The prices of aluminium alloy (ZLD102) and aluminium alloy (ZLD104) stand at RMB 16250 per tonne each, an increase of RMB 50 per tonne each.
Three-month LME aluminium closed higher at US$1,934.5/t on Friday; SHFE aluminium rose 1.77%
Next articleVedanta raises its aluminium ingot price by INR 1,500/t
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