Aluminium prices dropped sharply again, while conversion margins of aluminum billets in east China increased.

Today, the SMM A00 spot aluminium price dropped by 190 yuan/mt compared to the previous working day, reporting at 19,570 yuan/mt. Foshan A00 aluminium was reported at 19,420 yuan/mt, down by 180 yuan/mt from the previous working day. Today, the aluminium prices fell sharply again. The conversion margins of aluminum billets in east China increased, but due to weak demand, downstream bearish sentiment was strong, and actual transactions weakened.

Approaching noon, the conversion margins of φ120 and φ178 aluminum billets in south China were concentrated around 380 yuan/mt, and the conversion margins of φ90 billets were 430 yuan/mt, down by 10 yuan/mt compared to the previous working day. The east China market saw weakened transactions, with tight supply of φ90 small billets. Approaching noon, the conversion margins of φ120 aluminum billets were around 350 yuan/mt, and the conversion margins of φ90 small billets were around 450 yuan/mt, up by 80 yuan/mt compared to the previous working day. In Nanchang, transactions were average, with the conversion margins of φ120 billets at 350 yuan/mt and φ90 billets at 430 yuan/mt, up by 80 yuan/mt compared to the previous working day. The weekly average conversion margins in Linyi, Shandong, were flat compared to last week, with the weekly average price of φ120 aluminum billets around 200 yuan/mt.