A00 aluminium ingot price in China closes the week with a slip of RMB 20 per tonne to settle at RMB 17,420 per tonne, says the SMM data. The average price for the same is expected to range between RMB 17,400 per tonne and RMB 17,440 per tonne, with spot contract to be traded at a premium price of RMB 20-60 per tonne.
As of today, the price in Foshan has risen by RMB 10 per tonne to settle at RMB 17,380 per tonne. However, on the other hand, the price in Chongqing and Tianjin has dropped by RMB 80 per tonne and RMB 70 per tonne to score at RMB 17,400 per tonne and RMB 17,470 per tonne, respectively. On the same day, the price in Wuxi and Hangzhou has descended by RMB 30 per tonne and RMB 20 per tonne to peg at RMB 17,410 per tonne and RMB 17,460 per tonne. In Shenyang, the price has moved down by RMB 10 per tonne to halt at RMB 17,510 per tonne. The price in Gongyi and Linyi has remained restrained to stop at RMB 17,370 per tonne and RMB 17,540 per tonne.
In China, the domestic price of low carbon aluminium has experienced a fall of RMB 9 per tonne to stand at RMB 17,976 per tonne.
As per the SMM data, the aluminium alloy (ADC12) price and aluminium alloy (A380) price has plunged by RMB 100 per tonne to settle at RMB 17,700 per tonne and RMB 18,700 per tonne. The average price for (ADC12) is expected to orbit between RMB 17,600 per tonne and RMB 17,800 per tonne. For (A380), the average price is expected to range between RMB 18,600 per tonne and RMB 18,800 per tonne.
Responses
