SHANGHAI, Aug. 4 (SMM) –China Aluminum International Trading Co. (Chalco Trading) cut aluminum prices it offered in major markets today after yesterday’s dramatic hike.
Yesterday’s hike is probably because of rumor that China Hongqiao Group will slash aluminum capacity, SMM understands.
Today’s across-the-board cut is possibly due to fading impact from the cut rumor, SMM added.
For details, please see the table below:
Note: Chalco Trading is a full subsidiary under Chalco responsible for alumina and aluminum sales.
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