3-Month Price of Aluminum Climbs On the LME

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Metal Prices, Premium

The aluminum 3-month price saw the biggest upwards shift for the day, rising 7.0 percent on the LME to close at $1,931 per metric ton on Tuesday, August 20. The primary aluminum cash price experienced a big shift on Tuesday, gaining 5.5 percent on the LME to finish at $1,872 per metric ton. The cash price of primary Indian aluminum inched up 0.9 percent to INR 117.80 ($1.86) per kilogram.

Chinese aluminum prices were mixed for the day. Chinese aluminum billet prices rose 0.3 percent to CNY 14,400 ($2,352) per metric ton. Following two days of rising prices, the cash price of Chinese aluminum dropped 0.3 percent to CNY 14,420 ($2,355) per metric ton. The price of Chinese aluminum scrap remained essentially flat at CNY 12,630 ($2,063) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,200 ($2,319) per metric ton.