Cash Price of Aluminum Improves Slightly

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Metal Prices, Premium

The aluminum cash price saw the biggest increase at 1.5 percent on the LME, finishing at $1,818 per metric ton for Wednesday, October 9. The Indian aluminum cash price rose 1.5 percent to INR 115.80 ($1.87) per kilogram. At $1,864, the 3-month price of aluminum finished the market day on the LME up 1.5 percent per metric ton.

Chinese aluminum prices were flat for the day. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat at CNY 12,815 ($2,094) per metric ton. The price of Chinese aluminum billet remained essentially flat at CNY 14,500 ($2,370) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,200 ($2,321) per metric ton. The Chinese aluminum cash price held steady at CNY 14,640 ($2,392) per metric ton.

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