Aluminium Billet Processing Fees Rise on Price Drops
Aluminium billet processing fees recovered in October, reaching a higher monthly average across Foshan, Nanchang, and Wuxi hubs. However, this rise was driven by falling aluminium prices rather than improved demand, registering an inverted V-shaped trend.
By aluminio.ar · Based on reporting by Shanghai Metals Market
What you need to know
- Inventories in domestic consumption hubs fell to 138,000 tonnes as of 29 October.
- The weekly average demand in October rose to 57,400 tonnes compared to 41,200 tonnes in September.
- The average spot price of SMM A00 aluminium fell to 23,691.2 yuan per tonne in October.
Read the full story on Shanghai Metals Market
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