Cash Price of Aluminum Improves 1.3%

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Metal Prices, Premium

The aluminum cash price saw a 1.3 percent increase on Wednesday, May 22, reaching $1,835 per metric ton on the LME and making it the biggest mover for the day. On the LME, the aluminum 3-month price rose 1.2 percent to $1,868 per metric ton. The Indian aluminum cash price rose 1.0 percent to INR 102.00 ($1.84) per kilogram.

Chinese aluminum closed mixed on Wednesday. The Chinese aluminum cash price gained 0.3 percent to finish at CNY 14,600 ($2,379) per metric ton. The price of Chinese aluminum scrap held steady at CNY 12,850 ($2,094) per metric ton. The price of Chinese aluminum billet saw little movement at CNY 14,450 ($2,354) per metric ton. The price of Chinese aluminum bar continues hovering around CNY 14,050 ($2,289) per metric ton for the fifth day in a row.