The Indian aluminum cash price closed up Friday, May 3, halting two days of weakening prices with a 4.1 percent shift.
Just off of a 30-day low of $1,802 per metric ton, the primary aluminum cash price rose 0.8 percent last Friday on the LME. After hitting a 30-day low of $1,837 per metric ton on Wednesday, May 1, the aluminum 3-month price rose 0.5 percent last Friday on the LME.
The Chinese aluminum cash price showed little movement last Friday. The price of Chinese aluminum scrap was unchanged. Chinese aluminum billet saw little change in its price last Friday. The price of Chinese aluminum bar held steady.