Cash Price of Aluminum Rises 1.9%

by on
Style:
Category:
Metal Prices, Premium

Rising 1.9 percent to close at $1,939 per metric ton, the aluminum cash price experienced the biggest change on the LME for Thursday, June 6. On the LME, the aluminum 3-month price gained 1.9 percent to finish at $1,967 per metric ton. The Indian aluminum cash price rose 0.2 percent to INR 109.60 ($1.93) per kilogram.

Chinese aluminum closed mixed yesterday. Chinese aluminum billet gained 0.3 percent to finish at CNY 14,800 ($2,415) per metric ton. The Chinese aluminum cash price rose 0.3 percent to CNY 14,900 ($2,431) per metric ton. The price of Chinese aluminum scrap held steady at CNY 13,170 ($2,149) per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,293) per metric ton.