China’s Aluminium ingot price fell by RMB60/t to RMB15710/t; Aluminium Alloy (A356) declines by RMB50/t
SMM aluminium ingot price has dropped for the fourth day in a row. As of Thursday, 31 December 2020, the price now stands at RMB 15710 per tonne. This is down by RMB 60 per tonne from Wednesday’s price of 15,770 per tonne. The price is expected to range at RMB 15690-15730 per tonne.
In Foshan and Wuxi, the price has slipped by RMB 80 per tonne and RMB 40 per tonne to stand at RMB 15810 per tonne and RMB 15700 per tonne. Their average prices are expected to range within RMB 15790-15830 per tonne and RMB 15690-15710 per tonne. Aluminium prices in Hangzhou and Chongqing stand at RMB 15715 per tonne and RMB 15705 per tonne, up RMB 45 per tonne and RMB 75 per tonne.
Aluminium ingot prices in Shenyang, Tianjin Linyi and Gongyi have contracted to stand at RMB 15725 per tonne, RMB 15730 per tonne, RMB 15760 per tonne and RMB 15650 per tonne, down RMB 70 per tonne, RMB 40 per tonne, RMB 10 per tonne and RMB 30 per tonne.
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Aluminium Alloy (A356) price has reduced by RMB 50 per tonne to RMB 16400 per tonne on Thursday, 31 November 2020. The price is expected to move within a range of RMB 16350- 162450 per tonne. The prices of aluminium alloy (ZLD102) and aluminium alloy (ZLD104) stand at RMB 15950 per tonne each, a decrease of RMB 50 per tonne each.
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