Cash Price of Aluminum Shifts Up 0.7%

The cash price of primary aluminum saw the biggest increase at 0.7 percent on the LME, finishing at $1,808 per metric ton for Monday, October 21. On the LME, the aluminum 3-month price rose 0.6 percent to $1,854 per metric ton. The Indian aluminum cash price rose 0.4 percent to INR 113.30 ($1.85) per kilogram.

Chinese aluminum closed mixed on Monday. Chinese aluminum scrap prices inched up 0.2 percent to CNY 12,810 ($2,099) per metric ton. The price of Chinese aluminum billet remained steady at CNY 14,400 ($2,359) per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,200 ($2,327) per metric ton. The Chinese aluminum cash price held steady around CNY 14,460 ($2,369) per metric ton.