After Two-Day Rise, Cash Price of Aluminum Falls

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Metal Prices, Premium

The aluminum cash price fell 0.6 percent on Friday, June 7 to $1,927 per metric ton on the LME, making it the day’s biggest mover. The aluminum 3-month price closed at $1,957 per metric ton. Following a couple days of improvement, the metal’s price weakened by 0.5 percent on the LME. After a couple of days of improving prices, the Indian aluminum cash price held steady at INR 109.70 ($1.93).

Chinese aluminum closed mixed last Friday. Chinese aluminum billet gained 0.3 percent to finish at CNY 14,850 ($2,419) per metric ton. At CNY 14,920 ($2,430), the Chinese aluminum cash price finished the market day up 0.1 percent per metric ton. The price of Chinese aluminum scrap remained steady at CNY 13,170 ($2,145) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,050 ($2,289) per metric ton.