Alumina and aluminium continue at a sluggish yet unstable price trend path

The price of a00 primary aluminium ingot, on Tuesday, December 10, has descended a diminutive amount to its yesterday's pricing. On December 11, 2023, the Shanghai Metals Market closed with the metal's average pricing being listed at RMB 18,380 per tonne, and on Tuesday, as the week progressed, the pricing stood at RMB 20,350 per tonne with a minus of 60 RMB from December 9 pricing. The Y-o-Y price of the primary aluminium ingot's average price index has seen a 10.7 per cent surge.

The spot contract is set to be traded on December 10 from a discount of RMB 20 to a premium of RMB 20 per tonne, decreasing by another RMB 20 per tonne.

The average A00 aluminium ingot pricing had overall downslope trend in all the provinces, with prices depicted as RMB 20,190 per tonne in Gongyi (-90), RMB 20,360 per tonne (-30) in Foshan, RMB 20,300 per tonne (-60) in Wuxi, RMB 20,300 per tonne (-110) in Hangzhou, and RMB RMB 20,330 per tonne in Chongqing (-60). The a00 aluminium ingot pricing in the provinces of Shenyang, Tianjin and Linyi this time stooped low and was listed as 20,380 per tonne (-60), RMB 20,370 per tonne (-60), and RMB 20,260 per tonne (-80), respectively. The price range in the provinces has varied on Monday between RMB 20,280 per tonne to RMB 20,450 per tonne.