Cash Price of Aluminum Improves Slightly

The aluminum cash price saw the biggest increase at 0.4 percent on the LME, finishing at $1,801 per metric ton for Wednesday, July 24. After a 0.3 percent increase, the 3-month price of aluminum finished the day on the LME at $1,846 per metric ton. The Indian aluminum cash price flattened at INR 107.40 ($1.80) after two days of improvement.

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Chinese aluminum closed mixed yesterday. The Chinese aluminum cash price weakened by 0.1 percent, settling at CNY 14,380 ($2,343) per metric ton. For the fifth consecutive day, the price of Chinese aluminum scrap held flat at CNY 12,080 ($1,969) per metric ton. The price of Chinese aluminum billet saw essentially no change for the fifth day in a row, remaining around CNY 14,350 ($2,339) per metric ton. The price of Chinese aluminum bar was unchanged at CNY 14,050 ($2,290) per metric ton.


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