Cash Price of Aluminum Sees Small Price Drop

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Metal Prices, Premium

The cash price of primary aluminum saw the biggest decline of the day, dropping 1.2 percent on the LME to close at $1,718 per metric ton on Tuesday, December 24. On the LME, the 3-month price of aluminum fell 1.1 percent to $1,764 per metric ton. The cash price of primary Indian aluminum is back up, rising by 0.4 percent yesterday to close at INR 110.50 ($1.79) per kilogram.

Chinese aluminum prices were mixed for the day. Chinese aluminum primary saw its price drop 0.4 percent to a 30-day low of CNY 14,095 ($2,322) per metric ton on Tuesday. The price of Chinese aluminum scrap saw essentially no change for the fifth day in a row, remaining around CNY 12,200 ($2,010) per metric ton. The price of Chinese aluminum billet was unchanged at CNY 14,200 ($2,340) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,200 ($2,340) per metric ton.

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