LME Aluminum 3-Month Price Drops

The primary aluminum 3-month price saw the biggest shift of the day, dropping 0.5 percent on the LME to close at $2,098 per metric ton on May 1, 2012. The LME primary aluminum cash price weakened by 0.5 percent, settling at $2,058 per metric ton. Indian primary aluminum held its value yesterday at INR 108.05 ($2.05) per kilogram.

Chinese aluminum prices were flat for the day. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat at CNY 16,650 ($2,651) per metric ton. The price of Chinese aluminum billet was unchanged at CNY 16,100 ($2,563) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,050 ($2,237) per metric ton. The cash price of Chinese primary aluminum held steady on Tuesday on the SHFE, remaining around CNY 16,080 ($2,560) per metric ton.

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