Cash Price of Aluminum Up Again

The cash price of primary aluminum closed as the biggest mover for Thursday, July 18. Switching from a downward trend, the metal closed at $1,772 per metric ton following a 1.1 percent increase. Following a 0.9 percent rise yesterday, the 3-month price of aluminum closed on the LME at $1,816 per metric ton. The Indian aluminum cash price weakened by 0.5 percent, settling at INR 104.65 ($1.76) per kilogram.

Chinese aluminum prices closed flat for the day. The price of Chinese aluminum scrap remained steady at CNY 12,080 ($1,969) per metric ton. Chinese aluminum billet saw little change in its price yesterday at CNY 14,350 ($2,339) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,290) per metric ton. The Chinese aluminum cash price saw little movement on Thursday at CNY 14,330 ($2,336) per metric ton.

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