Small Shift For Cash Price Of Aluminum

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Dropping 0.6 percent on the LME, the aluminum cash price was the biggest mover on May 22, 2012, closing at $2,003 per metric ton. The 3-month price of aluminum weakened by 0.5 percent on the LME, settling at $2,045 per metric ton. The cash price of primary Indian aluminum showed little movement on Tuesday at INR 109.55 ($1.99) per kilogram.

Chinese aluminum closed mixed on Tuesday. The price of Chinese aluminum billet nudged up 0.3 percent on Tuesday, closing at CNY 16,050 ($2,538) per metric ton. Chinese aluminum cash price saw little movement on Tuesday, closing out around CNY 16,060 ($2,540) per metric ton. The price of Chinese aluminum scrap held steady at CNY 16,650 ($2,633) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,222) per metric ton.

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