A00 aluminium ingot price edges lower by RMB40/t; Aluminium Alloy (A356) price stands at RMB14650/t

A00 aluminium ingot price has edged lower by RMB 40 per tonne or 0.29 per cent to stand at RMB 13950 per tonne on Wednesday, 27 November 2019, from its previous price of RMB 13990 per tonne on November 26. This marks the second consecutive drop in aluminium price. The price is expected to range at RMB 13930-13970 per tonne. Spot aluminium price is likely to trade at a premium of RMB 60-100 per tonne.

Gongyi has witnessed the highest drop in aluminium ingot price today. Gongyi price stands at RMB 13900 per tonne, down by RMB 55 per tonne. The average price is likely to move within a range of RMB 13890-13910 per tonne. In Foshan and Wuxi, aluminium ingot price has declined by RMB 30 per tonne and RMB 35 per tonne to stand at RMB 13900 per tonne and RMB 13945 per tonne. Their average prices are expected to range within RMB 13880-13920 per tonne and RMB 13940-13950 per tonne.

Aluminium ingot prices in Hangzhou, Chongqing, Tianjin, and Linyi have decreased to stand at RMB 13980 per tonne, RMB 13930 per tonne, RMB 13960 per tonne and RMB 14000 per tonne. Their average prices are expected to range within RMB 13970-13990 per tonne, RMB 13910-13950 per tonne, RMB 13950-13970 per tonne and RMB 13990-14010 per tonne. Aluminium price in Shenyang remains unchanged at RMB 13995 per tonne.

Aluminium Alloy (A356) price is down by RMB 50 per tonne to RMB 14650 per tonne and is expected to move within a range of RMB 14600- 14700 per tonne. The prices of aluminium alloy (ZLD102) and aluminium alloy (ZLD104) stand at RMB 14750 per tonne and RMB 14700 per tonne.

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