Chinese H-beam steel finished as the week’s biggest mover on the Construction MMI® with a 3.2 percent price decline. The Chinese low price of 62% Australian iron ore fines fell 1.9 percent over the past week. This was the third week in a row of declining prices. US shredded scrap and Chinese rebar prices also fell.
The aluminum cash price saw the biggest upwards shift for the day on global aluminum markets, rising 1.5 percent on the LME to close at $2,016 per metric ton on May 21, 2012. The LME aluminum 3-month price inched up 1.1 percent to $2,055 per metric ton. Shifting to Asian markets, the Indian aluminum cash [...]
On May 18, 2012, the day’s biggest mover was the Indian primary aluminum cash price, which saw a 2.4 percent increase to close out the week. On the LME, the cash price of primary aluminum declined 0.4 percent to $1,987 per metric ton. Also on the LME, the primary aluminum 3-month price saw little change [...]
MetalMiner’s recent trend report on aluminum prices, the weekly Aluminum MMI®, showed that the global prices of the light grey metal have somewhat tempered their freefall — but uncertainty remains for the future price of aluminum, as we can see in Western and Asian markets.
by MetalMiner IndX Reports on May 18, 2012
Style: Industry News
Category: Automotive, Ferrous Metals, Metal Prices, MetalMiner IndX, Non-ferrous Metals
Keywords: aluminum prices, copper prices, lead prices, palladium prices, platinum prices, steel prices
After drifting 4.7 percent on the LME, the price of primary cash copper dropped to $7,710 per metric ton making it the biggest mover on the Automotive MMI® this week.
Chinese aluminum billet’s 0.6 percent decline made it this week’s biggest mover on the Aluminum MMI®. The Chinese primary aluminum cash price closed last week after a 0.5 percent drop. Chinese aluminum bar prices held steady from the previous week above $2,200 per metric ton. Chinese aluminum scrap traded sideways last week, hovering above $2,600 [...]
The LME primary aluminum cash price rose 0.8 percent to $1,994 per metric ton on May 17, 2012, after two days of falling, making it the day’s biggest mover on global aluminum markets. The LME primary aluminum 3-month price increased 0.7 percent to $2,034 per metric ton. The cash price of Indian primary aluminum, on the [...]
The Indian primary aluminum cash price saw the biggest daily increase on global aluminum markets, up 1.6 percent for May 16, 2012.