Chinese Aluminum Scrap Price Up After Three-Day Flat Spell

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The day’s biggest mover broke on the MetalMiner IndX℠ away from a static phase with a 5.2 percent jump on Tuesday, July 2. After three changeless days, the price of Chinese aluminum scrap closed higher.

The cash price of Chinese aluminum rose by 0.6 percent. For the fifth consecutive day, the price of Chinese aluminum bar held flat. The price of Chinese aluminum billet remained steady.

On the LME, the cash price of primary aluminum rose 1.3 percent to $1,754 per metric ton. At $1,793, the aluminum 3-month price finished the market day on the LME up 1.0 percent per metric ton.

The Indian aluminum cash price showed little movement on Tuesday.

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