LME Primary Aluminum Cash Prices Drop

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With a decline of 1.1 percent to $2,011 per metric ton on April 24, 2012, LME primary aluminum cash prices recorded the biggest shift of the day. Also on the LME, the primary aluminum 3-month price declined 1.1 percent to $2,054 per metric ton. Indian aluminum primary prices inched up 0.8 percent.

Chinese aluminum prices closed mixed yesterday. At CNY 16,050 ($2,545), the Chinese primary aluminum cash price finished the market day on the SHFE up 0.1 percent per metric ton. The price of Chinese aluminum scrap held steady above $2,600 per metric ton. Chinese aluminum billet was unmoved at above $2,500 per metric ton. The price of Chinese aluminum bar remained essentially flat just above $2,200 per metric ton.

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