Prices Improve for Chinese Aluminum Billet

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Metal Prices, Premium

The price of Chinese aluminum billet rose 0.7 percent on Wednesday, September 25, making it the day’s biggest mover. After three days of flat prices, it closed at CNY 14,450 ($2,361) per metric ton. The price of Chinese aluminum scrap finished the day at CNY 12,745 ($2,082) per metric ton following a 0.7 percent increase. The Chinese aluminum cash price gained 0.4 percent to finish at CNY 14,460 ($2,363) 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.

The aluminum 3-month price weakened by 0.1 percent on the LME, settling at $1,800 per metric ton. The primary aluminum cash price showed little movement on Wednesday on the LME at $1,753 per metric ton. The Indian aluminum cash price remained essentially flat at INR 109.80 ($1.75) per kilogram.

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