SHANGHAI, Sept. 20 (SMM) – One aluminum rod maker, whose processing fees are used as benchmark in north China, cut processing fees to less than 200 yuan/tonne.
Spot Discounts Keep Expanding in East China Aluminum Market, SMM Says
Environmental and safe production checks in Hebei severely hit local wire & cable producers, hurting demand for aluminum rod.
Besides, wire & cable producers try to delay delivery and cut operating rates against too high aluminum prices.
These forced the aluminum rod maker to reduce processing fees, SMM explains.
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