LME Cash Price of Aluminum Rises

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The cash price of primary aluminum rose 1.3 percent on Thursday, February 6, making it the day’s biggest mover. After two days of falling prices on the LME, it closed at $1,663 per metric ton. After hitting a 30-day low of $1,707 per metric ton on Tuesday, February 4, the 3-month price of aluminum rose 1.2 percent on Thursday on the LME. The cash price of primary Indian aluminum weakened by 1.2 percent.

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Chinese aluminum prices closed 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 saw essentially no change for the fifth day in a row. For the fifth consecutive day, the Chinese aluminum cash price held flat.

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