Conversion fees hold as billet premiums fall further

摘要

In the face of consumer pressure, it seems thatmost extruders have again mostly held ontoconversion margins, even in the face of evenfurther declining billet premia - as shown in theaccompanying chart. CRU believes that the NorthGerman delivered aluminium billet premium hasfallen to $420/t this month, although, very fewdeals are being stuck at the moment.