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27 SEPTEMBER 2019 AL CIRCLE

China’s A00 aluminium ingot price slips 1.13%; Aluminium alloy (A356) price down RMB150/t

EDITED BY : HEENA IQBAL 2MINS READ

A00 aluminium ingot price has extended its decline to RMB 14030 per tonne on Friday, 27 September 2019, from its previous price of RMB 14190 per tonne on September 26. This indicates a drop of RMB 160 per tonne or 1.13 per cent. The price is expected to range within RMB 14010-14050 per tonne. Spot aluminium price is likely to be traded at a premium of RMB 10-50 per tonne.

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Foshan has witnessed the highest drop in aluminium ingot price. The price in Foshan stands at RMB 14050 per tonne, down by RMB 200 per tonne from its previous price. The average price is likely to range at RMB 14030-14070 per tonne.

In Wuxi and Hangzhou, aluminium ingot price has declined by RMB 145 per tonne and RMB 140 per tonne to stand at RMB 14035 per tonne and RMB 14070 per tonne. Their average prices are expected to range within RMB 14020-14050 per tonne and RMB 14060-14080 per tonne.  Chongqing aluminium price is down by RMB 180 per tonne to RMB 14030 per tonne. Aluminium ingot prices in Shenyang and Tianjin stand at RMB 14060 per tonne and RMB 14050 per tonne, down RMB 110 per tonne and RMB 160 per tonne. The prices in Linyi and Gongyi stand at RMB 14100 per tonne and RMB 13935 per tonne.

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Aluminium alloy (A356) price has dropped by RMB 150 per tonne to RMB 14750 per tonne. The price is expected to range between RMB 14700 per tonne and RMB 14800 per tonne. The prices of aluminium alloy (ZLD102) and aluminium alloy (ZLD104) stand at RMB 14800 per tonne and RMB 14750 per tonne, down RMB 150 per tonne.


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EDITED BY : HEENA IQBAL 2MINS READ

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