SMM A00 aluminium ingot price surges by 3.82% M-o-M to reach RMB19570/t today; China’s alumina spot price adds RMB28/t

A complete analogy of the SMM aluminium price points, Y-o-Y/M-o-M 

On December 28, last year, the SMM aluminium price was RMB 18,970 per tonne, which has escalated by 3.16 per cent or RMB 600 per tonne on a Year-on-Year basis. On a Month-on-Month scale, the SMM aluminium price has soared by RMB 720 per tonne or 3.82 per cent from RMB 18,850 per tonne recorded on November 28. This suggests that the SMM aluminium market has been more stable than last year, with the year’s end closing on an optimistic note. Nevertheless, it has been a very difficult time for the human race with back-to-back outbreaks and war cries, and despite facing strong energy problems, China has emerged once again as one of the leading producers of aluminium in the world.