Chinese Aluminum Billet Prices Hit 30-Day Low

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Metal Prices, Premium

On Friday, June 28, the day’s biggest mover was the price of Chinese aluminum billet, which saw a 3.1 percent decline to CNY 13,900 ($2,256) per metric ton. The cash price of Chinese aluminum held steady around CNY 14,380 ($2,333) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,280) per metric ton. The price of Chinese aluminum scrap held steady at CNY 12,210 ($1,981) per metric ton.

The cash price of primary Indian aluminum rose 3.1 percent to INR 107.35 ($1.78) per kilogram. Last Fridaylast Friday price drop of 0.8 percent carried the aluminum 3-month price to a 30-day low of $1,764 per metric ton on the LME. The primary aluminum cash price fell 0.8 percent to a 30-day low on the LME of $1,719 per metric ton last Friday.