Christmas boost for aluminium market: Prices climb on SMM, led by A00 ingot and alumina

Primary aluminium ingot pricing

A00 primary aluminium ingot has seen a constant rise for the past few days. The SMM A00 aluminium ingot price was RMB 19,830 per tonne, reflecting an increase of RMB 40 per tonne (0.20 per cent) from the prior day. The spot contract was traded on Wednesday with a discount price of RMB 20 per tonne to a discount of RMB 60 per tonne.

The average A00 aluminium ingot pricing has risen in all eight listed provinces, with average prices of A00 aluminium ingot listed as RMB 19,760 per tonne with a gain of RMB 40 in Gongyi (range between RMB 19,740 and RMB 19,780 per tonne), RMB 19,980 per tonne which gained RMB 30 in Foshan (range RMB 19,960-20,000 per tonne), RMB 19,840 per tonne (+50) in Wuxi ranging from RMB 19,830 to RMB 19,850 per tonne. The price averaged at RMB 19,850 per tonne in Hangzhou, Shenyang, Chongqing, and Tianjin, with an inflation range between RMB 10 to RMB 40. Only in Tianjin, there was an exception wherein the price was reduced by 10 RMB but stood to the same price. SMM listing showed the A00 price of Linyi ranging between RMB 19,870 to RMB 19,890 per tonne and averaging at RMB 19,880 per tonne (+10) in Linyi.