SMM: Alumina prices glide yet again, aluminium shows mixed trend in different geography
Views : 66
Update time : 2024-12-26 16:31:26
China’s aluminium trading market, often seen as a bellwether for global trends, exhibited subtle yet telling shifts as per the latest Shanghai Metals Market (SMM) pricing report released on Thursday. Alumina and aluminium prices showed mixed dynamics, reflecting evolving supply-demand balances and regional variances. With slight declines in some areas and stability in others, the data points to a steady but cautious market.
The latest Shanghai Metals Market (SMM) pricing report as on Thursday shows trends in China's alumina market, with regional price stability except for slight declines in some areas. The average price for alumina on December 26 in China decreased marginally by RMB 6 per tonne, settling at RMB 5,725 per tonne. This minor drop reflects subtle shifts in supply-demand dynamics in the domestic market. Noticing the SMM provincial pricing list, it is seen that Shandong maintained stability at an average price of RMB 5,735 per tonne, with no change reported. Whereas, Henan experienced a slight decline, dropping by RMB 10 per tonne to an average of RMB 5,690 per tonne. Similarly, Shanxi's average price fell by 10 bucks, landing at RMB 5,740 tonne. Guizhou and Guangxi held steady at RMB 5,740 per tonne, indicating consistency in southern regions. Higher prices were observed in SMM-listed port regions of Lianyungang and Bayuquan, averaging RMB 6,050 per tonne, even without any further changes from the previous report.
