Higher processing fee for aluminium rod to offset lower profit of aluminium ingot

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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