Indian Primary Aluminum Price Up While LME Aluminum Dropped

On April 20, 2012, Indian primary aluminum jumped up 0.9 percent, landing north of $2.00 per kilogram and making it the day’s biggest increase. The cash price of primary aluminum weakened on the LME by 0.6 percent, settling at $2,016 per metric ton. Also on the LME, the 3-month price of primary aluminum declined 0.6 percent to $2,056 per metric ton.

Chinese aluminum prices closed mixed last Friday. Following a couple of essentially changeless days, the cash price of Chinese primary aluminum rose by 0.1 percent on the SHFE, closing at CNY 16,020 ($2,541) per metric ton. The price of Chinese aluminum scrap held steady in the mid-$2,600 per metric ton range. Chinese aluminum billet stayed flat at around the mid-$2,500 per metric ton range, while the Chinese aluminum bar price saw little movement, holding above $2,200 per metric ton.

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