Cash Price of Aluminum Improves 1.1%

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Metal Prices, Premium

The aluminum cash price saw the biggest upwards shift for the day, rising 1.1 percent on the LME to close at $1,772 per metric ton on Monday, July 22. On the LME, the 3-month price of aluminum increased 1.1 percent to $1,816 per metric ton. The Indian aluminum cash price inched up 0.6 percent to INR 106.60 ($1.80) per kilogram.

Chinese aluminum closed mixed yesterday. The Chinese aluminum cash price rose 0.2 percent to CNY 14,390 ($2,345) per metric ton. The price of Chinese aluminum scrap saw little movement at CNY 12,080 ($1,969) per metric ton. The price of Chinese aluminum billet continues hovering around CNY 14,350 ($2,339) per metric ton for the fifth day in a row. The price of Chinese aluminum bar held steady at CNY 14,050 ($2,290) per metric ton.