October 12, 2008

CS Aluminum cuts prices for June shipments

Taiwan’s CS Aluminum Corp has announced to drop its prices for June. Consequently, the base price for 5,000 series will be about TWD 145,000 per tonne. For other series such as 1085, 1080, 2014, 3003, 6061, 7075, the price is about TWD 132,000 per tonne.

Affected by the severest snowstorm early of this year in China and electricity shortage in South Africa, aluminum ingot price has boosted to USD 3,000 to USD 3,300 per tonne. These days, aluminum ingot price decline to USD 2,800 per tonne due to the US dollars appreciation.

CS Aluminum hopes the price decrease will be a positive help to their downstream customers during the peak season.

(Sourced from YEIH.com)