Prices Hit 30-Day Low for Cash Price of Aluminum

With a decline of 0.6 percent on the LME to $1,699 per metric ton on Tuesday, December 3, the cash price of primary aluminum recorded the biggest decline of the day. The aluminum 3-month price reached a 30-day low on the LME after decreasing 0.4 percent to $1,746 per metric ton. The cash price of primary Indian aluminum fell 0.3 percent to INR 109.25 ($1.75) per kilogram.

Chinese aluminum prices were mixed for the day. The Chinese aluminum cash price fell 0.2 percent to CNY 14,260 ($2,341) per metric ton on Tuesday after two days of no change. The price of Chinese aluminum scrap held steady at CNY 12,740 ($2,091) per metric ton. The price of Chinese aluminum billet saw little movement 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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