At CNY 14,200 ($2,350) per metric ton, the price of Chinese aluminum bar did not change since the previous week. Prices for European 1050 aluminum remained constant, closing the week at EUR 2,064 ($2,808) per metric ton.
With a 1.3 percent decrease, the weekly US Gulf Coast bar fuel surcharge closed the week at $0.53 per mile. Following a 0.5 percent increase in the week prior, the weekly US Midwest bar fuel surcharge fell 0.8 percent last week to $0.51 per mile. The weekly US Rocky Mountain bar fuel surcharge fell 0.6 percent to $0.54 per mile after rising 0.4 percent the week before.
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.