Chinese Aluminum Cash Price Hits 30-Day Low

by on
Style:
Category:
Metal Prices, Premium

The cash price of primary Chinese aluminum fell 1.3 percent on Thursday, December 19, making it the day’s biggest mover. After three days of flat prices, it closed at CNY 14,150 ($2,331) 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 price of Chinese aluminum billet saw little movement at CNY 14,200 ($2,339) per metric ton. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat at CNY 12,200 ($2,010) per metric ton.

Following a two-day drop, the cash price of primary Indian aluminum increased by 0.7 percent to INR 111.50 ($1.80) per kilogram. The 3-month price of aluminum rose 0.4 percent on the LME to $1,797 per metric ton. 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.

{Comments Off on Chinese Aluminum Cash Price Hits 30-Day Low Comments Off on Chinese Aluminum Cash Price Hits 30-Day Low}