Aluminium price in China reduces by RMB 180/t; Aluminium alloy (ADC12) stands at RMB 17900/t
SMM aluminium ingot price dropped for the second time in a row. The aluminium price reduced by RMB 180 per tonne from Tuesday’s price of RMB 17340 per tonne. As on Wednesday, 31 March 2021, the price came in at RMB 17160 per tonne and is expected to move within a range of RMB 17140-17180 per tonne.
In Foshan and Wuxi, the price slipped by RMB 170 per tonne and RMB 180 per tonne to stand at RMB 17160 per tonne on Wednesday, 31 March 2021. Aluminium prices in Hangzhou and Chongqing were RMB 17190 per tonne and 17140 per tonne, down RMB 160 per tonne each.
Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi decreased to stand at RMB 17160 per tonne, RMB 17190 per tonne, RMB 17180 per tonne, and RMB 17030 per tonne.
The aluminium alloy (ADC12) price was down by RMB 50 per tonne to RMB 17900 per tonne on Wednesday, 31 March 2021. The price is expected to range at RMB 17800 per tonne-18000 per tonne. The prices of aluminium alloys in East, South and Southwest stood at RMB 17900 per tonne, RMB 17800 per tonne and RMB 17750 per tonne, a decrease of RMB 50 per tonne each.
The Aluminium alloy (A380) and Aluminium alloy (A356) inched down by RMB 50 per tonne and RMB 200 per tonne to RMB 18900 per tonne and RMB 17850 per tonne on Wednesday, 31 March 2021.
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