Cash Price of Aluminum Still Climbing

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Metal Prices, Premium

On Friday, July 12, the aluminum cash price experienced the biggest change, rising 2.2 percent on the LME to $1,800 per metric ton. The aluminum 3-month price rose 2.1 percent on the LME to $1,842 per metric ton. Today marked the fifth in a row of increasing prices and the improvement has accelerated since Monday, July 8. Following a couple days of improvement, the Indian aluminum cash price weakened by 0.1 percent. Prices closed at INR 107.20 ($1.79) per kilogram.

Chinese aluminum prices were flat for the day. The Chinese aluminum cash price saw little movement last Friday at CNY 14,420 ($2,350) per metric ton. Chinese aluminum scrap held its value last Friday at CNY 12,770 ($2,081) per metric ton. Chinese aluminum billet stayed flat at around CNY 14,400 ($2,346) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,050 ($2,289) per metric ton.