30-Day Low Finishes for 3-Month Price of Aluminum

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Metal Prices, Premium

Following a two-day decline on the LME, the 3-month price of aluminum climbed up 0.4 percent to end at $1,747 per metric ton on Thursday, December 5. The cash price of primary aluminum rose 0.4 percent on Thursday on the LME, just off the 30-day low of $1,701 per metric ton it hit on Tuesday, December 3. The Indian aluminum cash price declined 0.1 percent to INR 109.30 ($1.77) per kilogram.

Chinese aluminum prices were mixed for the day. The cash price of Chinese aluminum rose 0.2 percent to CNY 14,280 ($2,344) per metric ton. The price of Chinese aluminum scrap held steady at CNY 12,200 ($2,003) per metric ton. Chinese aluminum billet held its value on Thursday at CNY 14,200 ($2,331) per metric ton. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row, remaining around CNY 14,200 ($2,331) per metric ton.

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