3-Month Price of Aluminum Sees Small Price Drop

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Metal Prices, Premium

With a decline of 0.4 percent on the LME to $1,786 per metric ton on Friday, November 15, the aluminum 3-month price recorded the biggest decline of the day. On the LME, the cash price of primary aluminum fell 0.3 percent to $1,740 per metric ton. The Indian aluminum cash price remained essentially flat at INR 114.60 ($1.82) per kilogram.

Chinese aluminum prices were flat for the day. The cash price of Chinese aluminum remained essentially flat at CNY 14,380 ($2,360) per metric ton. The price of Chinese aluminum scrap showed little movement last Friday at CNY 12,740 ($2,091) per metric ton. Chinese aluminum billet stayed flat at around CNY 14,350 ($2,355) per metric ton. The price of Chinese aluminum bar was unchanged at CNY 14,200 ($2,330) per metric ton.

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