China’s alumina price hikes by RMB50/t, reflecting a Y-o-Y surge of 81%; A00 aluminium ingot price loses RMB220/t
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Update time : 2024-11-11 16:41:20
The SMM alumina price has experienced a challenging momentum since the beginning of September. The average alumina spot price has shown unprecedented growth, reflecting a Y-o-Y spike of RMB 2,435 per tonne or 81 per cent from RMB 3006 per tonne recorded on November 13, 2023.
As of today, the price has hiked to RMB 5,441 per tonne after growing by RMB 50 per tonne. The alumina prices have grown in all the provinces, with the highest in Lianyungang and Bayuquan, where it has surged by RMB 100 per tonne to reach RMB 5,700 per tonne. On the same day, the alumina prices in Shanxi and Henan have added RMB 50 per tonne to clock at RMB 5,550 per tonne and RMB 5,450 per tonne. The prices in Shandong, Guizhou and Guangxi have ascended by RMB 50 per tonne to halt at RMB 5,400 per tonne.
Shanghai Metals Market repeats witness on aluminium and alumina prices going opposite directions
Aluminium prices rise across the board on SMM, defying previous week’s declining trend
