SHANGHAI, Apr 3 (SMM) – SMM A00 aluminium prices averaged 18,566 yuan/mt last week, up 382 yuan/mt from a week ago. Rising aluminium prices weighed on aluminium billet conversion margins.
South China: The conversion margins of φ90 billets fell from 620 yuan/mt on Monday to 480 yuan/mt on Friday, and φ120 billets from 540 yuan/mt to 380 yuan/mt, with their weekly average down 120 yuan/mt to 540 yuan/mt and 450 yuan/mt respectively. Mainstream conversion margins were above 300 yuan/mt. Transactions were thin in the first half of the week, but picked up after sellers lowered their conversion margins.
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