Aluminum Scrap Price in China Hit With Big Daily Drop
On Tuesday, August 27, Chinese aluminum scrap fell by 4.1 percent, making it the day’s biggest mover.
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The Chinese aluminum cash price declined 0.2 percent. The price of Chinese aluminum bar continues hovering in place for the fifth day in a row. For the fifth consecutive day, the price of Chinese aluminum billet held flat.
After a 1.2 percent increase, the cash price of primary Indian aluminum finished the day up.
On the LME, the aluminum 3-month price showed little movement yesterday, hovering around $1,881 per metric ton. On the LME, the primary aluminum cash price held steady around $1,834 per metric ton.
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