3-Month Price of Aluminum Jump

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Metal Prices, Premium

The aluminum 3-month price saw the biggest upwards shift for the day, rising 5.0 percent on the LME to close at $1,909 per metric ton on Friday, July 5. On the LME, the primary aluminum cash price fell 0.4 percent to $1,768 per metric ton. The cash price of primary Indian aluminum gained 0.2 percent to finish at INR 109.20 ($1.81) per kilogram.

Chinese aluminum closed mixed last Friday. Chinese aluminum billet finished the day down 0.7 percent to CNY 14,350 ($2,342) per metric ton. The cash price of Chinese aluminum declined 0.1 percent to CNY 14,400 ($2,350) per metric ton. The price of Chinese aluminum scrap showed little movement last Friday at CNY 12,795 ($2,088) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,050 ($2,293) per metric ton.