The price of Chinese aluminum scrap rose 4.0 percent on Thursday, November 14, making it the day’s biggest mover. After two days of flat prices, it closed at CNY 12,740 ($2,091) per metric ton. After remaining flat for three days, the price of Chinese aluminum billet fell 0.3 percent on Thursday to CNY 14,350 ($2,355) per metric ton. The cash price of Chinese aluminum dropped by 0.1 percent to CNY 14,390 ($2,362) per metric ton after holding steady. The price of Chinese aluminum bar remained essentially flat at CNY 14,200 ($2,330) per metric ton.
On the LME, the cash price of primary aluminum fell 0.5 percent to $1,746 per metric ton. The aluminum 3-month price saw a 0.4 percent decline on the LME to $1,794 per metric ton. After improving for two days, the Indian aluminum cash price declined 0.1 percent to INR 114.60 ($1.81) per kilogram.