As per SMM, China’s A00 aluminium ingot price has declined by RMB 420 per tonne to score at RMB 20,300 per tonne. The average price for the same is expected to range between RMB 20,280 per tonne and RMB 20,320 per tonne, with spot contract to be traded at a discount price of RMB -60 to RMB -20 per tonne.

The price in Hangzhou and Chongqing has also witnessed downfall by RMB 420 per tonne and RMB 360 per tonne to peg at RMB 20,370 per tonne, respectively. For the same day in Shenyang and Tianjin, the price has closed at RMB 20,350 per tonne, after recording a plunge of RMB 370 per tonne and RMB 420 per tonne. In Linyi the price has dwindled by RMB 400 per tonne to settle at RMB 20,450 per tonne. The A00 aluminium ingot price in Gongyi and Foshan has also gone down by RMB 490 per tonne and RMB 420 per tonne to close at RMB 20,400 per tonne and RMB 20,330 per tonne. In Wuxi the price has contracted by RMB 410 per tonne to score at RMB 20,300 per tonne.

Aluminium alloy (ADC12) price and (A380) price has slumped by RMB 200 per tonne to total at RMB 21,400 per tonne and RMB 22,400 per tonne. The average price for (ADC12) price is expected to orbit between RMB 21,300 per tonne and RMB 21,500 per tonne.  For (A380) price, the average price is expected to range between RMB 22,300 per tonne and RMB 22,500 per tonne.  Aluminium alloy (A356) price has dropped by RMB 400 per tonne to stop at RMB 21,450 per tonne, with average price expected to hover between RMB 21,300 per tonne and RMB 21,600 per tonne.

Aluminium powder price has inched down by RMB 0.4 per kg to halt at RMB 22 per kg, with average price expected to stand between RMB 21.9 per kg and RMB 22.1 per kg. Caustic soda (50% concentration) price in Shandong has declined by RMB 50 per tonne to score at RMB 1,935 per tonne, with average prices expected to range between RMB 1,900 per tonne and RMB 1,970 per tonne.

Source: AlCircle