SHFE Cash Price of Chinese Primary Aluminum Up 2.6%

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On April 18, 2012, the day’s biggest mover in aluminum markets was the SHFE cash price of Chinese primary aluminum, which saw a 2.6% increase to CNY $16,000 ($2,538) per metric ton.

The price of Chinese aluminum billet increased 0.3%. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row, remaining above $14,000 per metric ton. The price of Chinese aluminum scrap remained flat as well, staying in the mid-$16,000 per metric ton range.

Following a two-day drop, the 3-month price of primary aluminum increased by 0.9% on the LME to $2,087 per metric ton. After falling for two days, the cash price of primary aluminum rose 0.7% on the LME to $2,040 per metric ton. The cash price of Indian primary aluminum increased 0.4% as well.

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