Chinese aluminum scrap prices declined on SMPI on 31st July

The Chinese aluminum scrap prices declined marginally on the Scrap Monster Price Index on July 31st, Friday.

6063 Extrusions witnessed a price decline of CNY 150 per MT over the previous day. Aluminum Ingots and Transformers prices declined by CNY 150 per MT and CNY 100 per MT respectively. E.C Aluminum Wire prices dropped by CNY 150 per MT to touch CNY 12,000 per MT. Old Cast prices too witnessed a down move of CNY 100 per MT. The prices of Aluminum Radiators and Old Sheets saw a down move of CNY 100 per MT. UBC and Zorba 90% INF prices declined by CNY 100 per MT each from the previous day levels.

Other non-ferrous scrap prices too witnessed marginal decline during the day.

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