3-Month Price of Primary Aluminum Plateaus

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On April 16, 2012, the 3-month price of primary aluminum saw little movement on the LME yesterday at $2,088 per metric ton. Following two days of dropping prices, the cash price of Indian primary aluminum flattened out as well.

Chinese aluminum prices kept even for the day. For the fifth consecutive day, the price of Chinese aluminum scrap held steady at CNY 16,650 ($2,641) per metric ton. The price of Chinese aluminum billet remained essentially flat at CNY 16,000 ($2,538) per metric ton. Same for the price of Chinese aluminum bar, which ended the day at CNY 14,050 ($2,229) per metric ton. The cash price of Chinese primary aluminum showed little movement yesterday, hovering around CNY 15,940 ($2,529) per metric ton.

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