China’s aluminium price plunges by RMB 410/t; Aluminium alloy (ADC12) price falls to RMB 18700/t
SMM aluminium ingot price plunged by RMB 410 per tonne on Friday, 4 June 2021. The price stood at RMB 18260 per tonne, from RMB 18670 per tonne on June 3. The price is expected to move within a range of RMB 18240-18280 per tonne today.
In Foshan and Wuxi, the price dropped by RMB 370 per tonne and RMB 395 per tonne to stand at RMB 18500 per tonne and RMB 18265 per tonne on Friday. Aluminium prices in Hangzhou and Chongqing stood at RMB 18260 per tonne and 18310 per tonne, down RMB 430 per tonne and RMB 400 per tonne.
Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 18280 per tonne, RMB 18300 per tonne, RMB 18300 per tonne, and RMB 18280 per tonne on Friday, 4 June 2021.
The aluminium alloy (ADC12) price decreased by RMB 200 per tonne to RMB 18700 per tonne. The price is expected to range at RMB 18600 per tonne-18800 per tonne. The prices of aluminium alloys in East, South and Southwest stood at RMB 18700 per tonne, RMB 18650 per tonne and RMB 18650 per tonne, a decline of RMB 200 per tonne each.
The Aluminium alloy (A380) and Aluminium alloy (A356) inched down by RMB 200 per tonne and RMB 400 per tonne to RMB 19700 per tonne and RMB 18950 per tonne on Friday, 4 June 2021.
Primary aluminium production in China estimated to grow until 2024: Antaike
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