3-Month Price Of Primary Aluminum Lower

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On May 14, 2012, the 3-month price of primary aluminum fell by 0.7 percent on the LME, landing at $2,031 per metric ton and making it the day’s biggest mover. On the LME, the cash price of primary aluminum declined 0.6 percent to $1,992 per metric ton. The cash price of Indian primary aluminum weakened by 0.4 percent, settling at INR 106.45 ($1.98) per kilogram.

Chinese aluminum prices were mixed for the day. The price of Chinese aluminum billet moved yesterday. After a few changeless days, prices dropped 0.3 percent to CNY 16,050 ($2,543) per metric ton. On the SHFE, Chinese primary aluminum cash price fell 0.1 percent to CNY 16,040 ($2,541) 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 bar was unchanged at CNY 14,050 ($2,226) per metric ton.

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