A00 aluminium ingot price plunged RMB 230 per tonne on Tuesday, 21 January 2020, the biggest drop since April 2018. The price now stood at RMB 14120 per tonne and is expected to move within a range of RMB 14100-14140 per tonne. Spot aluminium contract is likely to be traded at a discount of RMB 100 per tonne to a premium of RMB 60 per tonne.

In Foshan and Wuxi, the price fell by RMB 190 per tonne and RMB 210 per tonne to stand at RMB 14210 per tonne and RMB 14090 per tonne on January 21. Their average prices are expected to range within RMB 14190-14230 per tonne and RMB 14080-14100 per tonne. Aluminium prices in Hangzhou and Chongqing came in at RMB 14120 per tonne and RMB 14170 per tonne, down RMB 170 per tonne and RMB 210 per tonne. Their average prices are expected to range within RMB 14110-14130 per tonne and RMB 14150-14190 per tonne.

Aluminium ingot prices in Shenyang, Tianjin, Linyi, and Gongyi dropped to stand at RMB 14130 per tonne, RMB 14150 per tonne, RMB 14180 per tonne, and RMB 14050 per tonne.

Aluminium Alloy (A356) price was down by RMB 200 per tonne to RMB 14800 per tonne and is expected to move within a range of RMB 14750- 14850 per tonne. The price of aluminium alloy (ZLD104) stood at RMB 14750 per tonne, down RMB 225 per tonne.