Chinese Aluminum Cash Price Hits 30-Day Low

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The cash price of primary Chinese aluminum fell 1.3 percent on Thursday, December 19, making it the day’s biggest mover. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row. The price of Chinese aluminum billet saw little movement. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat.

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Following a two-day drop, the cash price of primary Indian aluminum increased by 0.7 percent. The 3-month price of aluminum rose 0.4 percent on the LME. Today marked the fifth in a row of increasing prices and the improvement has accelerated since Friday, December 13. After rising 0.2 percent, prices settled at $1,749 per metric ton, driving an accelerated rise since Friday, December 13. Today marks the fifth day in a row of improvement for the primary aluminum cash priceon the LME.