Chinese Aluminum Billet Drops 1.4% After Flat

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Metal Prices, Premium

On Thursday, October 17, the day’s biggest mover was the price of Chinese aluminum billet, which saw a 1.4 percent decline to CNY 14,400 ($2,361) per metric ton. This was the first move after three changeless days. The cash price of Chinese aluminum declined 0.4 percent to CNY 14,440 ($2,367) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,200 ($2,328) per metric ton. The price of Chinese aluminum scrap showed little movement on Thursday at CNY 12,860 ($2,108) per metric ton.

The 3-month price of aluminum saw a 1.1 percent decline on the LME to $1,835 per metric ton. On the LME, the primary aluminum cash price fell 1.0 percent to $1,787 per metric ton. The cash price of primary Indian aluminum rose 0.3 percent to INR 110.60 ($1.80) per kilogram after a two-day drop.

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