A00 aluminium ingot price inches down by RMB 140/t; Aluminium alloy (A356) price stands at RMB15200/t

A00 aluminium ingot price registered a drop after remaining unchanged yesterday. The price reduced by RMB 140 per tonne to stand at RMB 14580 per tonne on Wednesday, 09 September 2020 and is expected to move within a range of RMB 14560-14600 per tonne.

In Foshan and Wuxi, the price declined by RMB 130 per tonne and RMB 140 per tonne to stand at RMB 14710 per tonne and RMB 14560 per tonne. Their average prices are expected to range within RMB 14690-14730 per tonne and RMB 14550-14570 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14580 per tonne and 14680 per tonne, down RMB 120 per tonne and RMB 30 per tonne.

Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi dropped to stand at RMB 14585 per tonne, RMB 14550 per tonne, RMB 14620 per tonne, and RMB 14470 per tonne.

The price of aluminium alloy (ZLD102) and aluminium alloy (ZLD104) stood at RMB 15200 per tonne each, a decrease of RMB 100 per tonne each. The price of Aluminium Alloy (A356) was down by RMB150 per tonne to range at RMB15150-15250 per tonne as on Wednesday, 09 September 2020 Aluminium Alloy (A356) price stood at RMB15200 per tonne.

As far as raw material is concerned, Australian alumina FOB price stood USD 3 per tonne lower at USD 275 per tonne on Wednesday, after remaining flat at USD 278 per tonne for four days.

Note to readers: AlCircle brings two-day event for aluminium industry players. We look forward to meeting you virtually at “Global Aluminium Expo 2020”on October 6-7, 2020. For registration, visit www.alcircleevents.com