Cash Price of Aluminum Drops 1.6% After Short Rise

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Metal Prices, Premium

On Tuesday, May 21, the day’s biggest mover was the cash price of primary aluminum, which saw a 1.6 percent decline on the LME to $1,811 per metric ton. The cash price of primary Indian aluminum increased 1.4 percent to INR 101.00 ($1.83) per kilogram. The aluminum 3-month price saw a 0.9 percent decline on the LME to $1,846 per metric ton.

Chinese aluminum prices closed flat for the day. The Chinese aluminum cash price ended a two-day climb, settling at CNY 14,560 ($2,371) per metric ton. The price of Chinese aluminum scrap showed little movement yesterday at CNY 12,850 ($2,093) per metric ton. The price of Chinese aluminum billet was unchanged at CNY 14,450 ($2,353) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,050 ($2,288) per metric ton.