Cash Price of Aluminum Lower

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Metal Prices, Premium

The cash price of primary aluminum experienced the biggest price decline of the day, dropping 0.8 percent on the LME to close at $1,721 per metric ton on Thursday, November 28. The aluminum 3-month price weakened by 0.8 percent on the LME, settling at $1,767 per metric ton. The Indian aluminum cash price rose 0.5 percent to INR 110.50 ($1.77) per kilogram.

Chinese aluminum closed mixed yesterday. The Chinese aluminum cash price saw a 0.3 percent decline to CNY 14,280 ($2,344) per metric ton. The price of Chinese aluminum scrap continues hovering around CNY 12,740 ($2,091) per metric ton for the fifth day in a row. The price of Chinese aluminum billet remained steady at CNY 14,250 ($2,339) per metric ton. The price of Chinese aluminum bar was unchanged at CNY 14,200 ($2,331) per metric ton.

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