LME Cash Price Of Aluminum Sees Small Jump

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The aluminum cash price saw the biggest upwards shift for the day, rising 1.5 percent on the LME to close at $2,016 per metric ton on May 21, 2012. On the LME, the 3-month price of aluminum inched up 1.1 percent to $2,055 per metric ton. Indian aluminum cash price weakened by one percent, settling at INR 109.55 ($2.01) per kilogram.

Chinese aluminum closed mixed yesterday. The cash price of Chinese aluminum increased 0.3 percent to CNY 16,070 ($2,540) 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 ($2,632) per metric ton. Chinese aluminum billet held its value yesterday at CNY 16,000 ($2,529) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,050 ($2,221) per metric ton.

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