3-Month Price of Aluminum Improves Slightly

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Metal Prices, Premium

The 3-month price of aluminum saw the biggest upwards shift for the day, rising 0.7 percent on the LME to close at $1,901 per metric ton on Thursday, April 25. On the LME, the primary aluminum cash price increased 0.7 percent to $1,871 per metric ton. The Indian aluminum cash price inched up 0.4 percent to INR 102.00 ($1.88) per kilogram.

Chinese aluminum closed mixed yesterday. After a 0.2 percent increase, the Chinese aluminum cash price finished the day at CNY 14,460 ($2,339) per metric ton. The price of Chinese aluminum scrap remained essentially flat at CNY 12,525 ($2,026) per metric ton. Chinese aluminum billet saw little change in its price yesterday at CNY 14,350 ($2,321) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,050 ($2,273) per metric ton.