Chinese Aluminum Scrap Drops 2.5% After Flat Run

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Metal Prices, Premium

Weakening prices ended a three-day flat streak as the price of Chinese aluminum scrap fell 2.5 percent on Monday, April 22 to CNY 12,525 ($2,024) per metric ton. The price of Chinese aluminum billet reached a thirty-day low after decreasing 1.7 percent to CNY 14,050 ($2,271) per metric ton. The cash price of Chinese aluminum saw little movement yesterday at CNY 14,450 ($2,336) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,050 ($2,271) per metric ton.

The cash price of primary Indian aluminum weakened by 1.4 percent, settling at INR 99.70 ($1.85) per kilogram. On the LME, the primary aluminum cash price fell 0.1 percent to $1,871 per metric ton. On the LME, the 3-month price of aluminum showed little movement on Monday, hovering around $1,900 per metric ton.