3-Month Price of Aluminum Shifts Up 1.3%

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Metal Prices, Premium

With a 1.3 percent increase over the past day, the aluminum 3-month price was the biggest mover on the LME, closing at $1,795 per metric ton on Tuesday, December 10. At $1,749, the cash price of primary aluminum finished the market day on the LME up 1.2 percent per metric ton. The cash price of primary Indian aluminum rose 1.1 percent to INR 109.75 ($1.80) per kilogram.

Chinese aluminum prices closed flat for the day. Chinese aluminum scrap held its value on Tuesday at CNY 12,200 ($2,009) per metric ton. The price of Chinese aluminum billet remained essentially flat at CNY 14,200 ($2,339) 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 ($2,339) per metric ton. The cash price of Chinese aluminum saw little change in its price yesterday at CNY 14,300 ($2,355) per metric ton.

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