MetalMiner is hosting a webinar May 1 at 10AM CDT on how leading industrial buying organizations currently manage their “All-In” aluminum spend. Presenters from both MetalMiner and CME Group will discuss new strategies and techniques for managing aluminum price risk.
The cash price of primary Indian aluminum saw the biggest decline of the day, dropping 1.4 percent to close at INR 112.05 ($1.86) per kilogram on Monday, April 21. The cash price of primary aluminum flattened at $1,837 after two days of improvement on the LME. Following a two-day rise on the LME, the aluminum 3-month price flattened at $1,875.
Chinese aluminum prices were mixed for the day. The cash price of Chinese aluminum finished the day at CNY 12,970 ($2,082) per metric ton following a 0.4 percent increase. The price of Chinese aluminum scrap remained essentially flat at CNY 12,250 ($1,966) per metric ton. For the fifth day in a row, the price of Chinese aluminum billet remained essentially flat at CNY 13,590 ($2,181) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,200 ($2,279) per metric ton.