Chinese Aluminum Scrap Moving Again

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Metal Prices
The price of Chinese aluminum scrap closed Thursday, January 2 at CNY 12,480 ($2,063) per metric ton, halting its three-day flat run with a 6.0 percent shift. The Chinese aluminum cash price saw little movement yesterday, closing out around CNY 14,100 ($2,330) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,200 ($2,347) per metric ton. The price of Chinese aluminum billet was unchanged at CNY 14,200 ($2,347) per metric ton.

The aluminum 3-month price saw a 0.5 percent decline on the LME to $1,811 per metric ton. The cash price of primary Indian aluminum declined 0.4 percent to INR 112.05 ($1.81) per kilogram. The cash price of primary aluminum weakened by 0.4 percent on the LME, settling at $1,764 per metric ton.

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