Cash Price of Chinese Aluminum Sees Small Jump

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Metal Prices, Premium

The Chinese aluminum cash price saw the biggest increase at 0.5 percent, finishing at CNY 14,530 ($2,374) per metric ton for Thursday, September 26. The price of Chinese aluminum billet increased 0.3 percent to CNY 14,500 ($2,369) per metric ton. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row, remaining around CNY 14,200 ($2,320) per metric ton. The price of Chinese aluminum scrap held steady at CNY 12,745 ($2,082) per metric ton.

The 3-month price of aluminum weakened by 0.2 percent on the LME, settling at $1,796 per metric ton. The Indian aluminum cash price saw a 0.2 percent decline to INR 109.60 ($1.76) per kilogram. On the LME, the primary aluminum cash price fell 0.1 percent to $1,751 per metric ton.

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