After Two-Day Rise, 3-Month Price of LME Aluminum Falls

On Friday, February 28, the day’s biggest mover was the 3-month price of aluminum, which saw a 1.2 percent decline on the LME to $1,759 per metric ton. The primary aluminum cash price changed direction with a 1.1 percent drop. After two days of improving prices, the metal finished at $1,716 per metric ton on the LME. The cash price of primary Indian aluminum rose by 0.2 percent.

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Chinese aluminum closed mixed last Friday. After falling 0.1 percent, the Chinese aluminum cash price reached a 30-day low. The price of Chinese aluminum scrap held steady. The price of Chinese aluminum billet saw essentially no change for the fifth day in a row. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat.

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