The price of Chinese aluminum scrap closed Wednesday, December 4 at CNY 12,200 ($2,003) per metric ton, halting its three-day flat run with a 4.2 percent drift. The price of Chinese aluminum billet fell 0.4 percent on Wednesday to CNY 14,200 ($2,331) per metric ton. The Chinese aluminum cash price showed little movement on Wednesday at CNY 14,250 ($2,339) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,200 ($2,331) per metric ton.
After falling 0.3 percent to $1,740 per metric ton, the 3-month price of aluminum reached a 30-day low on the LME. The cash price of primary aluminum fell to a 30-day low at $1,695 per metric ton after shifting 0.3 percent. The cash price of primary Indian aluminum rose 0.2 percent to INR 109.45 ($1.75) per kilogram.