The price of Chinese aluminum scrap increased by 3.9 percent on Tuesday, April 16, making it the day’s biggest mover.

The cash price of Chinese aluminum fell 0.6 percent. The price of Chinese aluminum billet fell 0.3 percent.The price of Chinese aluminum bar continues hovering in place for the fifth day in a row.The cash price of primary Indian aluminum is back up, rising by 2.6 percent yesterday.On the LME, the primary aluminum cash price declined 2.0 percent to $1,804 per metric ton. The aluminum 3-month price weakened by 1.8 percent on the LME, settling at $1,842 per metric ton.

Tokyo Steel has cut its scrap purchase charges for the first time since late October, confirming signs of a weakening price trend.

Japan's largest mini-mill operator and effective benchmark price-setter has reduced its charges for deliveries of all grades of scrap to its Tahara plant by ¥500 ($5) per tonne and deliveries to its other four works by ¥1,000 per tonne. As a result, the company is now paying ¥34,500 per tonne for deliveries to Tahara; ¥34,000...