Cash Price of Aluminum Up After Two-Day Drop

Weakening prices changed direction when the aluminum cash price rose 1.0 percent on Wednesday, April 24 on the LME to $1,858 per metric ton. On the LME, the 3-month price of aluminum inched up 0.9 percent to $1,888 per metric ton. The cash price of primary Indian aluminum gained 0.7 percent to finish at INR 101.60 ($1.87) per kilogram.

Chinese aluminum prices closed flat for the day. The cash price of Chinese aluminum saw little price change on Wednesday at CNY 14,430 ($2,335) per metric ton. Chinese aluminum scrap stayed flat at around CNY 12,525 ($2,027) per metric ton. The price of Chinese aluminum billet remained essentially flat at CNY 14,350 ($2,322) per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,273) per metric ton.

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