Cash Price of Aluminum Sees Small Jump

by on
Metal Prices, Premium

The aluminum cash price saw the biggest upwards shift for the day, rising 2.0 percent on the LME to close at $1,856 per metric ton on Friday, May 31. The cash price of primary Indian aluminum inched up 1.7 percent to INR 105.95 ($1.88) per kilogram. On the LME, the 3-month price of aluminum increased 1.7 percent to $1,889 per metric ton.

Chinese aluminum prices were mixed for the day. The price of Chinese aluminum billet increased 0.7 percent to CNY 14,650 ($2,388) per metric ton. At CNY 14,730 ($2,401), the Chinese aluminum cash price finished the market day up 0.5 percent per metric ton. The price of Chinese aluminum scrap saw essentially no change for the fifth day in a row, remaining around CNY 13,030 ($2,124) per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,291) per metric ton.