Chinese aluminum bar prices held steady from the previous week at CNY 14,200 ($2,346) per metric ton. Prices for European 1050 aluminum remained constant, closing the week at EUR 2,064 ($2,821) per metric ton.
Last week, the weekly US Midwest bar fuel surcharge shifted slightly, rising by 0.5 percent to close at $0.52 per mile. The weekly US Rocky Mountain bar fuel surcharge settled at $0.54 per mile this week after shifting up 0.4 percent. This past week, the weekly US Gulf Coast bar fuel surcharge kept quiet, holding at at $0.54 per mile.
The Construction MMI® collects and weights 9 metal price points used within the construction industry to provide a unique view into construction industry price trends. For more information on the Construction MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.