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Home / Metal News / Higher processing charges bolster aluminium rod trading

Higher processing charges bolster aluminium rod trading

iconMar 28, 2018 17:04
Source:SMM
Aluminium rod saw active trading as supply was tight and processing charges rose, SMM found.

SHANGHAI, Mar 28 (SMM) – Aluminium rod saw active trading as supply was tight and processing charges rose, SMM found.

Processing charges in Shandong province climbed to over 500 yuan/mt ex-factory this week as of March 28. Sources at major aluminium rod producers told SMM that delivery of new orders cannot be made on the same day.

Supplies of aluminium rods tightened after annual capacities in Shandong, Henan, and Inner Mongolia fell 600,000 mt from a year ago. Consumption surged as demand for cables in Hebei grew sharply after the heating season and as shipments of cables to the State Grid began in the second half of March.

 

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aluminium rod

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