Cash Price of Aluminum Changes Direction

The cash price of primary aluminum fell 2.3 percent on Tuesday, April 30 to $1,846 per metric ton on the LME, making it the day’s biggest mover. After improving for two days, the aluminum 3-month price declined 2.1 percent on the LME to $1,881 per metric ton. The Indian aluminum cash price held steady on Tuesday, remaining around INR 100.10 ($1.85) per kilogram.

Chinese aluminum prices closed flat for the day. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat at CNY 12,525 ($2,031) per metric ton. The price of Chinese aluminum billet remained essentially flat at CNY 14,450 ($2,343) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,278) per metric ton. The cash price of Chinese aluminum remained essentially flat at CNY 14,530 ($2,356) per metric ton.