Cash Price Of Primary Indian Aluminum Shifts Up 0.8%

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The cash price of primary Indian aluminum saw a 0.8 percent increase on May 23, 2012, reaching INR 110.45 ($2.00) per kilogram and making it the biggest mover for the day. The cash price of primary aluminum saw a 0.4 percent decline on the LME to $1,996 per metric ton. On the LME, the 3-month price of aluminum declined 0.3 percent to $2,038 per metric ton.

Chinese aluminum closed mixed on Wednesday. Chinese aluminum billet finished the day down 0.3 percent to CNY 16,000 ($2,533) per metric ton. The price of Chinese aluminum scrap remained essentially flat at CNY 16,650 ($2,636) per metric ton. The price of Chinese aluminum bar was unchanged at CNY 14,050 ($2,224) per metric ton. The cash price of Chinese aluminum remained essentially flat at CNY 16,060 ($2,542) per metric ton.

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