Daily Aluminum Roundup: LME 3-Month Price Falls 1.2%

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On May 9, 2012, the day’s biggest mover was the 3-month price of primary aluminum, which saw a 1.2 percent decline on the LME to $2,063 per metric ton. The cash price of primary aluminum fell 1.1 percent to $2,026 per metric ton yesterday on the LME after two days of no change. The cash price of Indian primary aluminum fell 0.8 percent to INR 106.20 ($2.00) per kilogram.

Chinese aluminum prices were mixed for the day. The price of Chinese aluminum billet fell 0.3 percent to CNY 16,100 ($2,558) per metric ton. Wednesday saw Chinese primary aluminum cash price drift down 0.3 percent on the SHFE to CNY 16,120 ($2,561) per metric ton after a couple of stagnant days. The price of Chinese aluminum scrap continues hovering around CNY 16,650 ($2,645) per metric ton for the fifth day in a row. The price of Chinese aluminum bar held steady at CNY 14,050 ($2,232) per metric ton.

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