Chinese Aluminium billet market saw muted transactions and even negative conversion margins
- Jul 04, 2023, at 11:39 am
- SMM
SHANGHAI, Jul 4 (SMM) –SMM A00 aluminium prices rose from 18,470 yuan/mt last Monday to 18,540 yuan/mt on Friday, but the weekly average price lost 304 yuan/mt to 18,526 yuan/mt. Lower aluminium prices and slack downstream demand weighed down aluminium billet conversions margins.