LME Aluminum Cash Price Hits 30-Day Low

by on

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.

* Get the complete prices every day on the MetalMiner IndX℠

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.

FREE Download: The Monthly MMI® Report – covering the Aluminum market.