Cash Price Of Primary Indian Aluminum Changes Direction

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On May 25, 2012, the day’s biggest mover was the cash price of primary Indian aluminum, which saw a 0.5 percent decline to INR 110.30 ($1.98) per kilogram. The 3-month price of aluminum saw a 0.3 percent decline on the LME to $2,008 per metric ton. The primary aluminum cash price weakened by 0.3 percent on the LME, settling at $1,968 per metric ton.

Chinese aluminum prices closed flat for the day. Chinese aluminum cash price held steady last Friday, remaining around CNY 16,010 ($2,527) per metric ton. The price of Chinese aluminum scrap was unchanged at CNY 16,650 ($2,628) per metric ton. At CNY 16,000 ($2,525) per metric ton, the price of Chinese aluminum billet was essentially unchanged. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,218) per metric ton.

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