3-Month Price of Aluminum Declines 1.4%

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Metal Prices
On Friday, January 10, the day’s biggest mover was the aluminum 3-month price, which saw a 1.4 percent decline on the LME to $1,757 per metric ton. The primary aluminum cash price changed direction with a 1.4 percent drop. After two days of improving prices, the metal finished at $1,713 per metric ton on the LME. The Indian aluminum cash price weakened by 0.2 percent, settling at INR 110.05 ($1.77) per kilogram.

Chinese aluminum closed mixed last Friday. The Chinese aluminum cash price reached a 30-day low after decreasing 0.3 percent to CNY 13,940 ($2,303) per metric ton. The price of Chinese aluminum scrap remained steady at CNY 12,350 ($2,040) per metric ton. The price of Chinese aluminum billet remained essentially flat at CNY 14,200 ($2,346) per metric ton. The price of Chinese aluminum bar continues hovering around CNY 14,200 ($2,346) per metric ton for the fifth day in a row.

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