Prices Hit 30-Day Low for Cash Price of Aluminum

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Metal Prices, Premium

On Friday, November 29, the aluminum cash price fell by 1.2 percent on the LME, landing at $1,701 per metric ton and making it the day’s biggest mover. Aluminum 3-month saw its price drop on the LME 0.9 percent to a 30-day low of $1,751 per metric ton last Friday. The Indian aluminum cash price weakened by 0.9 percent, settling at INR 109.55 ($1.76) per kilogram.

Chinese aluminum prices closed flat for the day. The price of Chinese aluminum scrap continues hovering around CNY 12,740 ($2,091) per metric ton for the fifth day in a row. For the fifth day in a row, the price of Chinese aluminum billet remained essentially flat at 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. The Chinese aluminum cash price remained essentially flat at CNY 14,280 ($2,344) per metric ton.

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