SMM A00 Aluminum Ingot(CNY/mt)
The price of SMM A00 aluminum ingot was CNY 20,810 /Mt, up CNY 210 /Mt from the previous trading day. The average daily social inventory of SMM aluminum was 834,000 tons, a decrease of 28,000 tons from the previous month. After the previous decline in aluminum prices, the downstream replenishment increased, the national destocking accelerated, and the market premium tended to be firm. Under the expectation of the peak season in March and April, the high aluminum price will gradually be digested by the downstream, but in the short term, as the aluminum price rebounds to a high level again, the spot market premium faces certain resistance.
CNY 20,740
Average Price of the Last 3 Days
CNY 20,806
Average Price of the Last 5 Days
CNY 20,758
Average Price Of this week