LME Primary Aluminum 3-Month Price Up After Two-Day Drop

On April 23, 2012, the day’s biggest mover in aluminum markets was the 3-month price of primary aluminum, which saw a one percent increase on the LME to $2,076 per metric ton. After falling for two days, the cash price of primary aluminum rose 0.9 percent on the LME to $2,034 per metric ton. Indian aluminum primary gained 0.1 percent to finish above $2.00 per kilogram.

Chinese aluminum prices closed mixed on Monday. Following three days of little change, the price of Chinese aluminum billet rose by 0.3 percent. The Chinese aluminum scrap price remained even in the mid-$2,600 range per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat above $2,200 per metric ton, while on the SHFE, the cash price of Chinese primary aluminum traded sideways around CNY 16,030 ($2,543) per metric ton.

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