Spot-futures price spread report: According to SMM data, on December 12, the spot price of SMM ADC12 was at a theoretical premium of RMB 575 per tonne to the closing price of the most-traded cast aluminium alloy contract (AD2602) at 10:15.
Warrant report: SHFE data showed that on December 12, the total registered warrants for cast aluminium alloy were 69,147 tonnes, up 152 tonnes W-o-W. The breakdown was as follows: Shanghai (4,757tonnes, up 0tonnes W-o-W), Guangdong (21,652 tonnes, up 152tonnes W-o-W), Jiangsu (11,988tonnes, up 0tonnes W-o-W), Zhejiang (24,022tonnes, up 0tonnes W-o-W), Chongqing (6,308tonnes, up 0tonnes W-o-W), and Sichuan (420tonnes, up 0tonnes W-o-W).
Aluminium scrap: On Friday, the spot price of primary aluminium rose W-o-W, with SMM A00 spot aluminium closing at RMB 22,050 per tonne, and the aluminium scrap market followed the increase. Baled UBC was quoted at RMB 16,450-16,950 per tonne (ex-tax), while shredded aluminium tense scrap (priced based on aluminium content) was quoted at RMB 18,300-18,850 per tonne (ex-tax).
