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Home / Metal News / Aluminium billet processing fees dip as downstream plants turn to ingots

Aluminium billet processing fees dip as downstream plants turn to ingots

iconMay 4, 2018 18:00
Source:SMM
Traded prices for aluminium billet processing fees dipped to a low of 700 yuan/mt on Friday May 4 with fewer transactions than aluminium ingots

SHANGHAI, May 4 (SMM) – Traded prices for aluminium billet processing fees dipped to a low of 700 yuan/mt on Friday May 4 with fewer transactions than aluminium ingots, SMM learned. 

This was because most processing plants raised the proportion of aluminium ingots and reduced that of aluminium billet in their raw materials, due to high processing fees for billet. 

As inventories of aluminium billet and supplies of molten aluminium both shrank, aluminium rod processing fees in Guangdong surged to 850 yuan/mt earlier this week from 500 yuan/mt in mid-April. 

 

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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