3-Month Price of Aluminum Sees Small Price Drop

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Metal Prices, Premium

The aluminum 3-month price saw the biggest decline of the day, dropping 0.4 percent on the LME to close at $1,805 per metric ton on Tuesday, November 12. On the LME, the cash price of primary aluminum declined 0.3 percent to $1,760 per metric ton. At INR 111.60 ($1.76), the Indian aluminum cash price finished the market day up 0.2 percent per kilogram.

Chinese aluminum prices were flat for the day. Chinese aluminum scrap saw little change in its price yesterday at CNY 12,250 ($2,011) per metric ton. At CNY 14,400 ($2,364) per metric ton, the price of Chinese aluminum billet was essentially unchanged. The price of Chinese aluminum bar continues hovering around CNY 14,200 ($2,331) per metric ton for the fifth day in a row. The Chinese aluminum cash price showed little movement yesterday, hovering around CNY 14,420 ($2,367) per metric ton.

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