China’s aluminium price rises by RMB 100/t after five days; Aluminium Alloy (A356) stands at RMB 16400/t
SMM aluminium ingot price has registered a hike after five days of drop. As of Tuesday, 05 January 2021, the price now stands at RMB 15690 per tonne, marking growth of RMB 100 per tonne from Monday’s price of 15590 per tonne. The price is expected to range at RMB 15670-15710 per tonne.
In Foshan and Wuxi, the price has hiked by RMB 100 per tonne and RMB 90 per tonne to stand at RMB 15760 per tonne and RMB 15690 per tonne. Their average prices are expected to range within RMB 15740-15780 per tonne and RMB 15680-15700 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15690 per tonne and RMB 15675 per tonne, up RMB 100 per tonne and RMB 90 per tonne.
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Aluminium ingot prices in Shenyang, Tianjin Linyi and Gongyi have climbed to stand at RMB 15680 per tonne, RMB 15690 per tonne, RMB 15740 per tonne and RMB 15610 per tonne, up RMB 95 per tonne, RMB 100 per tonne, RMB 80 per tonne and RMB 90 per tonne.
Aluminium Alloy (A356) price has risen by RMB 100 per tonne to RMB 16400 per tonne on Tuesday, 05 January 2021. The price is expected to move within a range of RMB 16350- 162450 per tonne. The prices of aluminium alloy (ZLD102) and aluminium alloy (ZLD104) stand at RMB 15850 per tonne each, an increase of RMB 50 per tonne each.
LME aluminium opened higher at US$ 2013.5/t after the holiday; SHFE shed 0.29%
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