A00 aluminium ingot price down RMB60/t; Aluminium alloy (A356) registers a decline

A00 aluminium ingot price dropped from RMB 13890 per tonne to RMB 13830 per tonne on Monday, 24 June 2019. This indicates a drop of RMB 60 per tonne or 0.43 per cent. The average price is expected to range between RMB 13810 per tonne and RMB 13850 per tonne. Spot aluminium contract is likely to be traded at a discount of RMB 10 per tonne to a premium of RMB 30 per tonne.

Aluminium ingot price in Foshan stood at RMB 13880 per tonne, a decrease of RMB 40 per tonne. The average price is expected to hover at RMB 13860- 13900 per tonne today. Ingot price in Wuxi and Hangzhou declined RMB 40 per tonne each to stand at RMB 13840 per tonne and RMB 13870 per tonne respectively. Their average price is expected to hover at RMB 13830- 13850 per tonne and RMB 13860- 13880 per tonne.

On Monday, aluminium ingot price in Chongqing, Shenyang, Tianjin, Linyi, and Gongyi came in at RMB 13870 per tonne, RMB 13845 per tonne, RMB 13860 per tonne, RMB 13890 per tonne, and RMB 13755 per tonne.

Aluminium alloy (A356) price stood at RMB 14500 per tonne on Monday, 24 June 2019, down RMB 100 per tonne from RMB 14600. The price is expected to range between RMB 14450 per tonne and RMB 14550 per tonne.

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