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.