Cash Price of Aluminum Sees Small Price Drop

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Metal Prices, Premium

On Monday, December 16, the day’s biggest mover was the cash price of primary aluminum, which saw a 0.5 percent decline on the LME to $1,750 per metric ton. On the LME, the 3-month price of aluminum fell 0.5 percent to $1,796 per metric ton. The cash price of primary Indian aluminum gained 0.3 percent to finish at INR 111.55 ($1.80) per kilogram.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap held steady at CNY 12,200 ($2,010) per metric ton. The price of Chinese aluminum billet was unchanged at CNY 14,200 ($2,339) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,200 ($2,339) per metric ton. The Chinese aluminum cash price saw little price change yesterday at CNY 14,330 ($2,360) per metric ton.

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