3-Month Price of Aluminum Changes Direction

On Monday, September 23, the day’s biggest mover was the 3-month price of aluminum, which saw a 1.1 percent decline on the LME to $1,810 per metric ton. The Indian aluminum cash price declined 0.5 percent. At $1,790, the primary aluminum cash price finished the market day on the LME up 0.4 percent per metric ton.

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Chinese aluminum prices were mixed for the day. The cash price of Chinese aluminum improved by 0.3 percent yesterday. The price of Chinese aluminum scrap showed little movement on Monday. For the fifth day in a row, the price of Chinese aluminum billet remained essentially flat. The price of Chinese aluminum bar held steady.

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