Aluminium trading range for the day is 156.3-161.5. Aluminium prices gained as supplies further tightened after the authority imposed broad-based inspections on all scrap materials imported from US from May 4. Many secondary aluminium producers increased their export sales earlier this year as China decided to levy a 25% tariff on aluminium scrap imports from the US sold. Supply of domestic aluminium scrap with invoices is therefore set to be tightened further, driving up the costs for all secondary aluminium producers in China.
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