Chinese Aluminum Scrap Moves Down 4.4%

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Metal Prices, Premium

On Monday, November 11, the day’s biggest mover was the price of Chinese aluminum scrap, which saw a 4.4 percent decline to CNY 12,250 ($2,011) per metric ton. This was the first move after three changeless days. The cash price of Chinese aluminum fell 0.1 percent yesterday to CNY 14,420 ($2,368) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,200 ($2,332) per metric ton. Chinese aluminum billet held its value yesterday at CNY 14,400 ($2,364) per metric ton.

After a 0.6 percent increase, the cash price of primary Indian aluminum finished the day at INR 111.40 ($1.76) per kilogram. The primary aluminum cash price weakened by 0.6 percent on the LME, settling at $1,765 per metric ton. The aluminum 3-month price saw a 0.4 percent decline on the LME to $1,812 per metric ton.

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