Chinese Aluminum Scrap Falls 5.4%

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Metal Prices, Premium

Chinese aluminum scrap had the largest decline on Monday, July 15, dropping 5.4 percent and landing at CNY 12,080 ($1,967) per metric ton. The Chinese aluminum cash price saw a 0.4 percent decline to CNY 14,360 ($2,338) per metric ton. At CNY 14,350 ($2,337) per metric ton, Chinese aluminum billet fell 0.3 percent on Monday. The price of Chinese aluminum bar was unchanged at CNY 14,050 ($2,288) per metric ton.

The Indian aluminum cash price declined 1.4 percent to INR 105.75 ($1.77) per kilogram. The cash price of primary aluminum changed direction with a 0.6 percent drop. After two days of improving prices, the metal finished at $1,790 per metric ton on the LME. The 3-month price of aluminum declined 0.5 percent on the LME to $1,832 per metric ton, after two days of improvement.