At $1,744 per metric ton, the cash price of primary aluminum moved up 0.9 percent on Wednesday, June 26, making it the day’s biggest mover on the LME. After hitting a 30-day low of $1,790 per metric ton on Monday, June 24, the aluminum 3-month price rose 0.8 percent yesterday on the LME. The Indian aluminum cash price declined 0.4 percent to INR 103.70 ($1.74) per kilogram.
Chinese aluminum prices closed flat for the day. The Chinese aluminum cash price showed little movement yesterday, hovering around CNY 14,390 ($2,341) per metric ton. Chinese aluminum scrap saw little change in its price on Wednesday at CNY 12,210 ($1,987) per metric ton. Chinese aluminum billet stayed flat at around CNY 14,350 ($2,335) per metric ton. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row, remaining around CNY 14,050 ($2,286) per metric ton.