aluminum prices

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.

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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 [...]

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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 [...]

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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.

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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.

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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 [...]

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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 [...]

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The Indian primary aluminum cash price saw the biggest daily increase on global aluminum markets, up 1.6 percent for May 16, 2012.

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