LME Aluminum Cash Price Hits 30-Day Low

The aluminum cash price experienced the biggest price decline of the day, dropping 1.4 percent on the LME to close at $1,686 per metric ton on Friday, January 31. Aluminum 3-month saw its price drop on the LME 1.4 percent to a 30-day low of $1,729 per metric ton last Friday. The cash price of primary Indian aluminum saw a 1.3 percent decline.

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Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap continues to hover for the fifth day in a row. The price of Chinese aluminum billet held steady. The price of Chinese aluminum bar was unchanged. The cash price of Chinese aluminum saw little change in its price last Friday.

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