Aluminium ingot price in China jumps RMB 440/t; Aluminium alloy (ADC12) price soars to stands at RMB 16800/t
SMM aluminium ingot price soared by RMB 440 per tonne from Friday’s price of RMB 16330 per tonne. The price now stood at RMB 16770 per tonne on Monday, November 30, 2020 and is expected to move within a range of RMB 16750-16790 per tonne.
In Foshan and Wuxi, the price inched up by RMB 430 per tonne and RMB 460 per tonne to stand at RMB 16870 per tonne and RMB 16830 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 16870 per tonne and 16750 per tonne, up RMB 440 per tonne and RMB 435 per tonne.
Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi rose to stand at RMB 16770 per tonne, RMB 16790 per tonne, RMB 16760 per tonne, and RMB 16640 per tonne.
The aluminium alloy (ADC12) price stood at RMB 16800 per tonne on Monday, November 30, an increase of RMB 650 per tonne. The price is expected to range at RMB 16700 per tonne-16900 per tonne. The prices of aluminium alloy (ADC12) – East, and South came in at RMB 16800 per tonne and RMB 16650 per tonne, an increase of RMB 650 per tonne each.
The price of Aluminium Alloy (A356) increased by RMB 400 per tonne to range at RMB17400-17500 per tonne as on November 30. Aluminium Alloy (A356) price stood at RMB17450 per tonne.
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