CHINA ALUMINIUM INGOT ADC 12 SNAPSHOT: Export price declines on wide availability of scrap; domestic price edges up

By Hui Li / June 28, 2018 / www.metalbulletin.com / Article Link

Key data from the Wednesday June 27 pricing session in Shanghai.

Key drivers - An accumulation of scrap material at US ports following the temporary shutdown of the North American division of the China National Certification and Inspection Group pushed US exporters to lower their prices to facilitate sales and clear their inventories. - The resultant heavy scrap flows entering China from the US pressured raw material prices in the Asian...

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