Review Of Aluminium Rod Conversion Margins By Region In April

May 16, 2023 13:13

Source:SMM

SHANGHAI, May 16 (SMM) - Aluminium prices rose initially and then pulled back in the period of April 9-May 9, with the monthly average up 267 yuan/mt MoM to 18,665 yuan/mt.

SHANGHAI, May 16 (SMM) - Aluminium prices rose initially and then pulled back in the period of April 9-May 9, with the monthly average up 267 yuan/mt MoM to 18,665 yuan/mt. Aluminium rod supply has basically recovered to normal levels since the end of March. The aluminium rod market cooled down slightly at the beginning of April. Aluminium prices spiked from late March to mid-April, causing aluminium rod conversion margins to move down.

Aluminium rod conversion margins by region

Unit: yuan/mt

Region	Conversion margins in April	Monthly average conversion margin	MoM
Shandong	450-600	510	-78
Inner Mongolia	350-500	397	-28
Henan	475-600	548	-30
Guangdong	650-800	725	-3

Market review

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.

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Review Of Aluminium Rod Conversion Margins By Region In April

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