Cash Price of Aluminum Hits 30-Day Price Low

Dropping 1.1 percent on the LME, the cash price of primary aluminum was the biggest mover on Tuesday, June 25, closing at $1,729 per metric ton. The 3-month price of aluminum reached a 30-day low on the LME after decreasing 0.9 percent to $1,776 per metric ton. The Indian aluminum cash price gained 0.9 percent to finish at INR 104.15 ($1.74) per kilogram.

Chinese aluminum prices were mixed for the day. Chinese aluminum billet closed 0.3 percent lower at CNY 14,350 ($2,335) per metric ton. The Chinese aluminum cash price saw a 0.1 percent decline to CNY 14,400 ($2,344) per metric ton. The price of Chinese aluminum scrap flattened at CNY 12,210 ($1,987) following two-days of declines. The price of Chinese aluminum bar saw little movement at CNY 14,050 ($2,287) per metric ton.

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