A00 ingot prices inch higher after a drop on Monday; imported alumina price drops RMB 15/t

As updated by Shanghai Metals Market, A00 aluminium ingot price in China increased from RMB 14020 per tonne on June 10 to RMB 14070 per tonne on June 11. The average prices are expected to range between RMB 14050 per tonne and RMB 14090 per tonne. Spot aluminium contract is likely to be traded at a premium of RMB 40 per tonne.

Aluminium ingot price in Foshan registered an increase of RMB60 per tonne today and came in at RMB 14170 per tonne. Ingot price in Wuxi and Hangzhou increased RMB 50 per tonne and RMB 55 per tonne to stand at RMB 14060 per tonne and RMB 14080 per tonne.

Aluminium ingot price in Chongqing, Shenyang, Tianjin, Linyi, and Gongyi stood at RMB 14100 per tonne, RMB 14085 per tonne, RMB 14070 per tonne, RMB 14150 per tonne and RMB 14010 per tonne.

Aluminium Alloy (A356) price increased from RMB 14700 per tonne to stand at RMB14750 per tonne and is expected to move within a range of RMB 14700-14800 per tonne.

Imported alumina price dropped RMB 60 per tonne to range at RMB 3000-3100 per tonne as on June 11. Australian alumina FOB price stood at USD 355 per tonne today, down USD15 per tonne.

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