LME Primary Aluminum Cash Price Sees Small Drop

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The cash price of primary aluminum saw the biggest shift of the day, dropping 1.9 percent on the LME to close at $1,987 per metric ton on May 10, 2012. Also on the LME, the 3-month price of primary aluminum declined 1.8 percent to $2,026 per metric ton. Indian primary aluminum cash price inched up 1.2 percent.

Meanwhile, Chinese aluminum prices closed mixed on Thursday.

On the SHFE, the cash price of Chinese primary aluminum fell 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 billet remained essentially flat between $2,500 and $2,600 per metric ton. For the fifth day in a row, the price of Chinese aluminum bar stayed rather even, holding above $2,200 per metric ton.

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