Daily Aluminum Market Roundup: India, China Prices Up

Indian primary aluminum saw a 1.4 percent increase on May 2, 2012, making it the biggest upwards shift of the day on global aluminum markets. After a 0.4 percent increase, the primary aluminum cash price finished the day on the LME at $2,067 per metric ton. Also on the LME, the 3-month price of primary aluminum inched up 0.4 percent to $2,106 per metric ton.

Chinese aluminum closed mixed on Wednesday. Closing out a three-day flat streak, the price of Chinese aluminum billet moved up 0.3 percent. Following three days of little change on the SHFE, the cash price of Chinese primary aluminum rose by 0.1 percent to CNY 16,100 ($2,551) per metric ton. The price of Chinese aluminum scrap continues hovering above $2,600 per metric ton for the fifth day in a row. The price of Chinese aluminum bar saw little movement, staying above $2,200 per metric ton.

Want complete pricing? Get it daily with the new MetalMiner IndX℠

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to Top