3-Month Price of Aluminum Sees Small Jump

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Metal Prices, Premium

On Friday, April 26, the aluminum 3-month price experienced the biggest change, rising 0.7 percent on the LME to $1,915 per metric ton. On the LME, the primary aluminum cash price gained 0.6 percent to finish at $1,883 per metric ton. The Indian aluminum cash price rose 0.6 percent to INR 102.60 ($1.89) per kilogram.

Chinese aluminum prices were mixed for the day. The price of Chinese aluminum billet rose by 0.7 percent to CNY 14,450 ($2,341) per metric ton. The cash price of Chinese aluminum rose 0.5 percent to CNY 14,530 ($2,353) per metric ton. The price of Chinese aluminum scrap showed little movement last Friday at CNY 12,525 ($2,029) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,050 ($2,276) per metric ton.