China’s SMM aluminium ingot price discards RMB600/t M-o-M; Alumina spot price soars by RMB3/t

China’s SMM A00 aluminium market trend in January 

If we consider the SMM aluminium price on December 29, we’ll find a Month-on-Month slump of RMB 600 per tonne or 3.06 per cent from RMB 19,570 per tonne recorded that day. Throughout the first month of 2024, China’s aluminium market flashed a declining trend, with the highest SMM aluminium price marked at RMB 19,480 per tonne on January 2. 

The low carbon aluminium price in China has dropped RMB 48 per tonne to clock at RMB 19,695 per tonne.