Cash Price of Aluminum Down

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Metal Prices, Premium

Dropping 1.4 percent on the LME, the aluminum cash price was the biggest mover on Thursday, May 16, closing at $1,800 per metric ton. The aluminum 3-month price saw a 1.0 percent decline on the LME to $1,834 per metric ton. The Indian aluminum cash price saw little price change on Thursday at INR 98.70 ($1.80) per kilogram.

Chinese aluminum closed mixed yesterday. The Chinese aluminum cash price declined 0.2 percent to CNY 14,500 ($2,359) per metric ton. The price of Chinese aluminum scrap remained steady at CNY 12,850 ($2,090) per metric ton. The price of Chinese aluminum billet held steady at CNY 14,450 ($2,351) per metric ton. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row, remaining around CNY 14,050 ($2,286) per metric ton.