LME 3-Month Price of Aluminum Sees Small Price Drop

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On Wednesday, February 19, the day’s biggest mover was the 3-month price of aluminum, which saw a 0.5 percent decline on the LME to $1,736 per metric ton. On the LME, the primary aluminum cash price fell 0.4 percent to $1,693 per metric ton. The cash price of primary Indian aluminum rose 0.3 percent.

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Chinese aluminum prices closed flat for the day. The price of Chinese aluminum scrap held steady. For the fifth consecutive day, the price of Chinese aluminum billet held flat. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat. The Chinese aluminum cash price saw little movement on Wednesday.

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