Chinese Aluminum Scrap Down 0.7%

The day’s biggest mover was Chinese aluminum scrap, dropping 0.7 percent to settle at CNY 12,660 ($2,068) per metric ton on Wednesday, September 18. The Chinese aluminum cash price saw a 0.5 percent decline to CNY 14,360 ($2,346) per metric ton. The price of Chinese aluminum bar continues hovering around CNY 14,200 ($2,320) per metric ton for the fifth day in a row. Chinese aluminum billet stayed flat at around CNY 14,350 ($2,344) per metric ton.

On the LME, the aluminum 3-month price declined 0.4 percent to $1,777 per metric ton. The Indian aluminum cash price increased 0.3 percent to INR 110.00 ($1.74) per kilogram. The primary aluminum cash price saw a 0.3 percent decline on the LME to $1,730 per metric ton.

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