Cash Price of Aluminum Improves 2.2%

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Metal Prices, Premium

Rising 2.2 percent to close at $1,821 per metric ton, the cash price of primary aluminum experienced the biggest change on the LME for Monday, August 12. After a 2.1 percent increase, the 3-month price of aluminum finished the day on the LME at $1,866 per metric ton. Following a two-day rise, the cash price of primary Indian aluminum flattened at INR 111.40 ($1.83).

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Chinese aluminum prices were mixed for the day. Chinese aluminum billet prices inched up 0.7 percent to CNY 14,300 ($2,335) per metric ton. The cash price of Chinese aluminum rose 0.3 percent to CNY 14,320 ($2,338) per metric ton. The price of Chinese aluminum scrap was unchanged at CNY 12,630 ($2,062) per metric ton. Chinese aluminum bar stayed flat at around CNY 14,200 ($2,318) per metric ton.