3-Month Price of Aluminum Lower

by on
Style:
Category:
Metal Prices, Premium

The 3-month price of aluminum saw the biggest decline of the day, dropping 2.2 percent on the LME to close at $1,855 per metric ton on Tuesday, May 14. On the LME, the cash price of primary aluminum declined 2.0 percent to $1,827 per metric ton. The cash price of primary Indian aluminum weakened by 1.0 percent, settling at INR 99.70 ($1.82) per kilogram.

Chinese aluminum closed mixed yesterday. Chinese aluminum scrap finished the day down 0.9 percent to CNY 12,795 ($2,082) per metric ton. The price of Chinese aluminum billet showed little movement on Monday at CNY 14,450 ($2,351) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,050 ($2,286) per metric ton. The cash price of Chinese aluminum steadied at CNY 14,550 ($2,367) per metric ton following two-days of increases.