Yuefeng Aluminum: The rise in aluminum prices in the first half of the year has little impact on the company's earnings
August 6, 2024
Yuefeng Aluminum recently said in the reception of institutional investors research, the company's product settlement mechanism is "aluminum price + processing fee", aluminum prices with the market, The determination is usually based on the average price of aluminum ingots spot or futures prices in the Changjiang Non-ferrous Metal Spot Market, Shanghai Non-Ferrous Network spot aluminum price, Shanghai Futures Exchange Market or London Metal Exchange (LME) trading markets during the period prior to shipment/order/settlement. As long as the aluminum price does not fluctuate greatly in the short term, it will not have a significant impact on the company's profits. The rise in aluminum prices in the first half of the year is also in a longer period of shocks, the impact on the company's earnings is small.
