A00 aluminium ingot price drops by RMB 60/t; Aluminium Alloy (A356) stands lower at RMB13450/t

A00 aluminium ingot price decreased by RMB 60 per tonne or 0.47 per cent on Thursday, 12 March 2020. The price now stood at RMB 12750 per tonne and is expected to move within a range of RMB 12730-12770 per tonne. Spot aluminium contract is likely to be traded at a discount of RMB 40 per tonne.

In Foshan and Wuxi, the price fell by RMB 80 per tonne and RMB 100 per tonne to RMB 12730 per tonne and RMB 12720 per tonne. Their average prices are expected to range within RMB 12710-12750 per tonne and RMB 12710-12730 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 12730 per tonne and RMB 12760 per tonne, down RMB 90 per tonne and RMB 70 per tonne. Their average prices are expected to range within RMB 12720-12740 per tonne and RMB 12740-12780 per tonne.

Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi dropped to stand at RMB 12795 per tonne, RMB 12730 per tonne, RMB 12850 per tonne, and RMB 12650 per tonne.

Aluminium Alloy (A356) price was down by RMB 50 per tonne to RMB 13450 per tonne and is expected to move within a range of RMB 13400- 13500 per tonne. The price of aluminium alloy (ZLD102) and aluminium alloy (ZLD104) stood at RMB 13450 per tonne each, a decrease of RMB 50 per tonne each. Their prices are expected to move within a range of RMB 13300- 13600 per tonne and RMB 13350- 13550 per tonne.

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