Aluminum prices dropped again, boosting aluminum billet conversion margins [Daily Review of Spot Aluminum Billet]

Published: Aug 6, 2024 14:57

Source: SMM

Save

Today, SMM A00 aluminum prices fell by 80 yuan/mt compared to the previous working day, reporting at 18,750 yuan/mt. Foshan A00 aluminum reported at 18,690 yuan/mt, down by 60 yuan/mt compared to the previous working day. The aluminum prices dropped again today, while aluminium billet conversion margins increased. In the off-season, the wait-and-see sentiment among downstream buyers led to fewer purchases and weaker actual transactions.

Approaching noon, the conversion margins of φ120 and φ178 billets in south China were concentrated around 460 yuan/mt, and the conversion margins of φ90 billets were 510 yuan/mt, down 10 yuan/mt compared to the previous working day. The Wuxi market saw moderate transactions, with the conversion margins of φ120 billets at 380 yuan/mt and φ90 billets at 520 yuan/mt, flat compared to the previous working day. In Nanchang, the conversion margins of φ120 billets were reported at 420 yuan/mt and φ90 billets at 500 yuan/mt, down 20 yuan/mt compared to the previous working day. The weekly average price of conversion margins in Linyi, Shandong, increased by 40 yuan/mt compared to the previous week, with the weekly average price of φ120 billets around 300 yuan/mt.

Market forecast Market review

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

9 hours ago

[SMM Aluminum Flash News] DISA Launches C5 Moulding Line to Boost Casting Efficiency

DISA has launched the DISAMATIC C5 vertical green-sand moulding line, designed for high efficiency and low operating cost. The system can produce 400 uncored or 340 cored moulds per hour, delivering up to 20% higher output than comparable machines while reducing maintenance needs and total cost of ownership. The company said the C5 improves casting quality, cutting grinding and rework by about 50%, and offers fast installation with compatibility for existing pattern plates. Overall, the new line enhances productivity and supports faster return on investment for foundries.

9 hours ago

[SMM Aluminum Flash News] South Korea Boosts SME R&D to Cut Carbon Exposure Under CBAM Pressure

South Korea’s Ministry of SMEs and Startups, together with TIPA, has launched the “2026 Carbon Reduction R&D for Core Export Items” project, focusing on developing carbon reduction technologies for high-emission products such as aluminium and steel to address CBAM-related cost pressures. The project, open for applications in May, covers fuel substitution, process optimisation and resource recycling, with support for real-world implementation and verification. Running until 2030 with a total budget of about USD 73 million, the initiative aims to enhance SMEs’ export competitiveness under tightening global carbon regulations.

9 hours ago

May 4, 2026 15:43

[SMM Aluminum Flash News] Tiwai Smelter Faces Strike Risk as Talks Move to Mediation

The Rio Tinto-owned Tiwai Point aluminum smelter in New Zealand faces strike risk, with 186 workers, about 28% of the workforce, planning stoppages on May 4, 6, 8 and 10. The action follows around 2.5 years of unresolved labor negotiations over pay, benefits and working conditions. The company has proposed mediation on May 20 to reach an agreement. While management said current terms remain competitive and negotiations are ongoing, the planned industrial action could disrupt production schedules and operational stability at the smelter. If talks fail to make progress, the risk of prolonged disruptions may increase, creating uncertainty for near-term aluminum supply and adding pressure to an already tight global market environment.

May 4, 2026 15:43