Primary Aluminum Cash Price Sees Small Price 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 to INR 107.45 ($1.99) per kilogram.

Chinese aluminum 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 around CNY 16,650 ($2,638) per metric ton for the fifth day in a row. The price of Chinese aluminum billet remained essentially flat at CNY 16,100 ($2,551) per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,226) per metric ton.

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