Chinese Aluminum Cash Price Improves 0.1%

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On Monday, December 9, the Chinese aluminum cash price experienced the biggest change, rising 0.1 percent to CNY 14,300 ($2,351) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,200 ($2,334) per metric ton. Chinese aluminum billet held its value on Monday at CNY 14,200 ($2,334) per metric ton. The price of Chinese aluminum scrap showed little movement on Monday at CNY 12,200 ($2,006) per metric ton.

Following two days of downward movement, the cash price of primary Indian aluminum held steady at INR 108.60 ($1.78) per kilogram. The 3-month price of aluminum flattened at $1,773 after two days of improvement on the LME. Following a two-day rise on the LME, the primary aluminum cash price flattened at $1,728.

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