3-Month Price Of Primary Aluminum Shifts Up 0.9%

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On May 11, 2012, the day’s biggest mover was the primary aluminum 3-month price, which saw a 0.9 percent increase on the LME to $2,045 per metric ton. Also on the LME, the cash price of primary aluminum rose 0.8 percent to $2,003 per metric ton. The cash price of Indian primary aluminum fell 0.6 percent to INR 106.85 ($1.99) per kilogram.

Chinese aluminum prices were mixed for the day. Chinese primary aluminum cash price weakened by 0.2 percent on the SHFE, settling at CNY 16,060 ($2,545) per metric ton. The price of Chinese aluminum scrap saw little movement at CNY 16,650 ($2,638) per metric ton. The price of Chinese aluminum billet remained essentially flat at CNY 16,100 ($2,551) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,050 ($2,226) per metric ton.

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