Cash Price of Aluminum 30-Day Low Finishes
The aluminum cash price closed up Monday, December 2 at $1,710 per metric ton, halting two days of weakening prices on the LME with a 0.6 percent shift. After hitting a 30-day low of $1,753 per metric ton on Thursday, November 28, the aluminum 3-month price rose 0.1 percent on Monday on the LME. The cash price of primary Indian aluminum held steady on Monday, remaining around INR 109.60 ($1.75) per kilogram.
Chinese aluminum prices closed flat for the day. The cash price of Chinese aluminum saw little price change on Monday at CNY 14,290 ($2,345) per metric ton. The price of Chinese aluminum scrap saw essentially no change for the fifth day in a row, remaining around CNY 12,740 ($2,090) per metric ton. For the fifth consecutive day, the price of Chinese aluminum billet held flat at CNY 14,250 ($2,338) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,200 ($2,330) per metric ton.