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 to INR 109.70 ($1.76) per kilogram. At $1,790, the primary aluminum cash price finished the market day on the LME up 0.4 percent per metric ton.

Chinese aluminum prices were mixed for the day. The cash price of Chinese aluminum improved by 0.3 percent, closing at CNY 14,410 ($2,356) per metric ton yesterday. The price of Chinese aluminum scrap showed little movement on Monday at CNY 12,660 ($2,070) per metric ton. For the fifth day in a row, the price of Chinese aluminum billet remained essentially flat at CNY 14,350 ($2,346) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,200 ($2,321) per metric ton.

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