Cash Price of Aluminum Shifts Up 1.6%

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Metal Prices, Premium

On Friday, December 6, the day’s biggest mover was the cash price of primary aluminum, which saw a 1.6 percent increase on the LME to $1,728 per metric ton. On the LME, the aluminum 3-month price inched up 1.5 percent to $1,773 per metric ton. The Indian aluminum cash price fell 0.5 percent to INR 108.70 ($1.76) per kilogram.

Chinese aluminum prices were flat for the day. The cash price of Chinese aluminum held steady around CNY 14,285 ($2,344) per metric ton. Chinese aluminum scrap saw little change in its price last Friday at CNY 12,200 ($2,002) per metric ton. Chinese aluminum billet stayed flat at around CNY 14,200 ($2,331) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,200 ($2,331) per metric ton.

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