Small Drift for Cash Price of Aluminum

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Metal Prices, Premium

On Wednesday, June 12, the aluminum cash price fell by 1.9 percent on the LME, landing at $1,848 per metric ton and making it the day’s biggest mover. On the LME, the 3-month price of aluminum declined 1.8 percent to $1,888 per metric ton. The Indian aluminum cash price weakened by 1.4 percent, settling at INR 107.35 ($1.84) per kilogram.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap was unchanged at CNY 13,170 ($2,146) per metric ton. At CNY 14,850 ($2,420) per metric ton, the price of Chinese aluminum billet was essentially unchanged. The price of Chinese aluminum bar saw little movement at CNY 14,050 ($2,290) per metric ton. The cash price of Chinese aluminum showed little movement yesterday, hovering around CNY 14,920 ($2,431) per metric ton.