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Home / Metal News / Review Of Aluminium Rod Conversion Margins By Region In April

Review Of Aluminium Rod Conversion Margins By Region In April

iconMay 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

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

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