3-Month Price of Aluminum Changes Direction

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Metal Prices, Premium

On Tuesday, October 22, the day’s biggest mover was the aluminum 3-month price, which saw a 2.3 percent decline on the LME to $1,810 per metric ton. Weakening prices followed two days of improvement as the primary aluminum cash price dropped 1.0 percent on the LME to $1,790 per metric ton. The cash price of primary Indian aluminum closed at INR 113.00 ($1.86) per kilogram. Following a couple days of improvement, prices fell by 0.3 percent.

Chinese aluminum closed mixed yesterday. The price of Chinese aluminum scrap declined 1.2 percent to CNY 12,660 ($2,078) per metric ton. Following a quiet couple of days, the price of Chinese aluminum billet fell 0.3 percent on Tuesday to CNY 14,350 ($2,355) per metric ton. The Chinese aluminum cash price fell 0.3 percent to CNY 14,410 ($2,365) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,200 ($2,330) per metric ton.

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