Cash Price Of Primary Aluminum Lower

With a decline of 0.5 percent on the LME to $1,982 per metric ton on May 15, 2012, the cash price of primary aluminum recorded the biggest shift of the day. The 3-month price of primary aluminum saw a 0.5 percent decline on the LME to $2,021 per metric ton. The cash price of Indian primary aluminum flattened at INR 106.55 ($1.97) per kilogram after two days of downward movement.

Chinese aluminum prices were mixed for the day. On the SHFE, the cash price of Chinese primary aluminum fell 0.2 percent to CNY 16,010 ($2,532) per metric ton. The price of Chinese aluminum scrap saw essentially no change for the fifth day in a row, remaining around CNY 16,650 ($2,633) per metric ton. At CNY 16,050 ($2,538) per metric ton, the price of Chinese aluminum billet was essentially unchanged. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,222) per metric ton.

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