SMM reports gradual decline in aluminium prices across China amid broader market stagnation

As per the SMM listing on December 18, 2024, the average price of A00 primary aluminium ingot has further climbed down RMB 110 per tonne and was reflected as RMB 19,790 per tonne. The average cost of A00 aluminium ingot has decreased by 3.5 per cent M-o-M (price on November 18 was pegged at RMB 20,510 per tonne). However, when compared year-on-year, the primary metal ingot's average price has risen 4.2 per cent as the average price on November 15, 2023, was listed as RMB 18,980 per tonne in the Chinese market.  

The average A00 aluminium ingot pricing has sunk in all eight listed provinces, with average prices of A00 aluminium ingot listed as RMB 19,690 per tonne (-80) in Gongyi, RMB 19,990 per tonne (-70) in Foshan, RMB 19,780 per tonne (-90) in Wuxi, RMB 19,750 per tonne (-100) in Hangzhou, RMB 19,850 per tonne (-100) in Chongqing, RMB 19,890 per tonne (-90) in Shenyang, RMB 19,910 per tonne (-90) in Tianjin and RMB 19,810 per tonne (-80) in Linyi. The prices have declined at a slower rate than Tuesday's pricing, wherein the descent was, on average, close to 200 bucks. The price range in the provinces has varied between RMB 19,670 per tonne to RMB 19,970 per tonne.