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.
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.