SHANGHAI, Apr 24 (SMM) – Aluminium rod processors in Shandong province raised the processing fee for pure aluminium rods by over 300 yuan/mt on Tuesday April 24, in order to offset lower profits from aluminium ingots, SMM learned.
This drove the processing fee to about 780 yuan/mt, paid by downstream cable companies to aluminium rod processors.
Prices of aluminium ingots slumped to 14,490 yuan/mt on April 24, 460 yuan/mt lower from the previous day.
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