Prices Up Again for Chinese Aluminum Scrap

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Metal Prices, Premium

The price of Chinese aluminum scrap increased by 3.9 percent on Tuesday, April 16 to CNY 12,845 ($2,076) per metric ton, making it the day’s biggest mover. The cash price of Chinese aluminum fell 0.6 percent to CNY 14,420 ($2,330) per metric ton. The price of Chinese aluminum billet fell 0.3 percent to CNY 14,350 ($2,319) per metric ton. The price of Chinese aluminum bar continues hovering around CNY 14,050 ($2,271) per metric ton for the fifth day in a row.

The cash price of primary Indian aluminum is back up, rising by 2.6 percent yesterday to close at INR 101.10 ($1.85) per kilogram. 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.