SMM A00 aluminium ingot price declines by 3.82% M-o-M; Domestic bauxite price demonstrates upward trend

According to the SMM data, the domestic aluminium ingot price has surged by RMB 1,840 per tonne, or 9.92 per cent Y-o-Y, from RMB 18,540 per tonne. However, M-o-M prices recorded a decline of RMB 810 per tonne, or 3.82 per cent, from RMB 20,380 per tonne. If we see the W-o-W analysis, the SMM A00 aluminium ingot price hiked by RMB 260 per tonne, or 1.29 per cent, from RMB 20,120 per tonne.