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 to INR 107.00 ($2.04) per kilogram.

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 at CNY 16,650 ($2,640) per metric ton. Chinese aluminum billet was unmoved at CNY 16,100 ($2,553) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,228) per metric ton.

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