12-23 China Aluminum Price：CNY 19,870 / MT

The average price of SMM spot A00 aluminum is CNY 19870MT. The average price of A00 aluminum ingots is -90. Affected by the hawkish stance of the Federal Reserve this week, aluminum prices fluctuated and weakened. On the supply side, the supply of electrolytic aluminum remained high, the futures price of alumina was lowered, the spot price remained high, and the expected smelting cost of electrolytic aluminum was lower; on the demand side, downstream demand was differentiated, and aluminum exports in December were expected to decrease after the rush to export aluminum ended. In terms of inventory, domestic aluminum ingot and aluminum bar inventories were reduced, and overseas LME inventories continued to be reduced. Domestic aluminum prices are under pressure.