Chinese Aluminum Scrap Price Drops, LME Hits 30-Day Low

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The price of Chinese aluminum scrap fell 2.8 percent on Friday, June 21, making it the day’s biggest mover.

today's metal prices - MetalMiner IndXThe price of Chinese aluminum billet dropped by 1.7 percent after holding steady. The cash price of Chinese aluminum weakened by 1.1 percent. The price of Chinese aluminum bar continues hovering in place for the fifth day in a row.

Primary cash aluminum saw its price drop on the LME 2.5 percent to a 30-day low of $1,748 per metric ton last Friday. The 3-month price of aluminum reached a 30-day low on the LME after decreasing 2.3 percent to $1,794 per metric ton.

After a 2.3 percent increase, the Indian aluminum cash price finished the day higher.

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