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.
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Yesterday’s hike is probably because of rumor that China Hongqiao Group will slash aluminum capacity, SMM understands.
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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:
Unit: yuan/tonne
Note: Chalco Trading is a full subsidiary under Chalco responsible for alumina and aluminum sales.
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