Cash Price of Aluminum Improves Slightly

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Metal Prices, Premium

Rising 2.1 percent to close at $1,840 per metric ton, the cash price of primary aluminum experienced the biggest change on the LME for Monday, May 20. On the LME, the aluminum 3-month price gained 1.6 percent to finish at $1,863 per metric ton. The cash price of primary Indian aluminum saw a 1.3 percent decline to INR 99.65 ($1.82) per kilogram.

Chinese aluminum closed mixed on Monday. At CNY 14,550 ($2,369), the Chinese aluminum cash price finished the market day up 0.2 percent per metric ton. Chinese aluminum scrap stayed flat at around CNY 12,850 ($2,092) per metric ton. For the fifth day in a row, the price of Chinese aluminum billet remained essentially flat at CNY 14,450 ($2,353) per metric ton. The price of Chinese aluminum bar was unchanged at CNY 14,050 ($2,288) per metric ton.