The spot contract was traded at a similar rate to yesterday, with a discount price of RMB 20 per tonne to a premium of RMB 20 per tonne.
Provincial price of primary aluminium ingot
The average A00 aluminium ingot pricing has risen in most of the provinces, with average prices of a00 aluminium ingot listed as RMB 20,210 per tonne (+20) in Gongyi, RMB 20,400 per tonne (+40) in Foshan, RMB 20,430 per tonne (+130) in Wuxi and Hangzhou, RMB 20,380 per tonne (+50) in Chongqing, RMB 20,410 per tonne (+30) in Shenyang, RMB 20,400 per tonne (+30) in Tianjin and RMB 20,260 per tonne (no change) in Linyi. The price range in the provinces varies between RMB 20,190 per tonne to RMB 20,450 per tonne.
According to a recent SMM survey, China's domestic aluminium production was reduced in November 2024 (30 calendar days), recording an M-o-M descent of 3.21 per cent, attributed to environment protection-related controls requiring production lag during the dry season. In addition to production cuts, increased alumina prices were another factor that contributed to the reduced aluminium output volume in China during the period under review.
