Aluminium ingot price edges higher to RMB 14730/t; Aluminium alloy (ADC12) price climbs by RMB 50/t

SMM aluminium ingot price edged higher by RMB 180 per tonne to stand at RMB 14730 per tonne on Tuesday, 29 September 2020, from Monday’s price of RMB 14550 per tonne. This marks the third consecutive rise in aluminium ingot price.The price is expected to range at RMB 14710-14750 per tonne. 

In Foshan and Wuxi, the price rose by RMB 150 per tonne and RMB 170 per tonne to stand at RMB 14740 per tonne each on Tuesday, 29 September 2020. Aluminium prices in Hangzhou and Chongqing came in at RMB 14760 per tonne and 14705 per tonne, down RMB 130 per tonne and RMB 175 per tonne.

Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi increased to stand at RMB 14710 per tonne, RMB 14690 per tonne, RMB 14760 per tonne, and RMB 14750 per tonne.

The aluminium alloy (ADC12) price stood at RMB 14900 per tonne on Tuesday, 29 September 2020, an increase of RMB 50 per tonne from yesterday. The price is expected to range at RMB 14800 per tonne-15000 per tonne.

The prices of aluminium alloy (ADC12) – East, South, and Southwest came in at RMB 14900 per tonne, RMB 14650 per tonne, and RMB 14600 per tonne, an increase of RMB 50 per tonne each.

Aluminium Alloy (A356) price was up by RMB 200 per tonne to RMB 15350 per tonne and is expected to move within a range of RMB 15300- 15400 per tonne. The Aluminium alloy (A380) inched up by RMB 50 per tonne to stand at RMB 15800 per tonne on Tuesday, 29 September 2020. 

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