Cash Price of Aluminum Shifts Up 1.0%

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Metal Prices, Premium

With a 1.0 percent increase over the past day, the aluminum cash price was the biggest mover on the LME, closing at $1,873 per metric ton on Friday, April 19. On the LME, the aluminum 3-month price rose 0.7 percent to $1,901 per metric ton. The Indian aluminum cash price held steady around INR 101.10 ($1.87) per kilogram.

Chinese aluminum prices were mixed for the day. The Chinese aluminum cash price rose 0.3 percent to CNY 14,450 ($2,331) per metric ton. Chinese aluminum scrap saw little change in its price last Friday at CNY 12,845 ($2,072) per metric ton. The price of Chinese aluminum billet showed little movement last Friday at CNY 14,300 ($2,307) per metric ton. The price of Chinese aluminum bar continues hovering around CNY 14,050 ($2,267) per metric ton for the fifth day in a row.