Weekly Aluminum Market Roundup: LME, China Scrap Prices Up
The primary aluminum cash price rose 0.7 percent on the LME to $1,756 per metric ton after falling 4.5 percent during the previous week. The aluminum 3-month price rose 0.5 percent on the LME to $1,805 per metric ton after falling 4.3 percent during the previous week.
Chinese aluminum prices were mixed for the week. Chinese aluminum scrap rose by a slight 0.1 percent. The cash price of Chinese aluminum remained steady from the previous week. Chinese aluminum bar remained essentially flat from the previous week.
Following a steady week, prices for Korean 3003 coil premium over 1050 sheet closed flat. The price of Korean 5052 coil premium over 1050 sheet did not change since the previous week. Prices for European 5083 plate remained constant. European 1050 aluminum remained unchanged for the week.
Source: Metal Miner