Daily Global Aluminum Prices Roundup – LME, SHFE Drops

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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 on global aluminum markets. The LME 3-month price of primary aluminum saw a 0.5 percent decline as well, to $2,021 per metric ton. The cash price of Indian primary aluminum flattened at below $2.00 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 above $2,600 per metric ton. At below $2,550 per metric ton, the price of Chinese aluminum billet was essentially unchanged. The price of Chinese aluminum bar remained essentially flat, holding above $2,200 per metric ton.

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