LME 3-Month Price of Aluminum Lower

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The aluminum 3-month price saw the biggest decline of the day, dropping 1.0 percent on the LME to close at $1,775 per metric ton on Tuesday, November 26. The Indian aluminum cash price is back up, rising by 0.8 percent on Tuesday. On the LME, the primary aluminum cash price declined 0.7 percent to $1,733 per metric ton.

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Chinese aluminum prices were mixed for the day. After three straight days of no change, the Chinese aluminum cash price decreased by 0.1 percent to CNY 14,330 ($2,352) per metric ton. The price of Chinese aluminum scrap was unchanged at CNY 12,740 ($2,091) per metric ton. Chinese aluminum billet stayed flat at around CNY 14,250 ($2,339) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,200 ($2,331) per metric ton.

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