Cash Price Of Primary Indian Aluminum Lower

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With a decline of 0.8 percent to INR 109.45 ($1.98) per kilogram on May 28, 2012, the cash price of primary Indian aluminum recorded the biggest shift of the day. After falling for two days, the cash price of primary aluminum rose 0.6 percent on the LME to $1,979 per metric ton. The 3-month price of aluminum is back up, rising by 0.5 percent on the LME last Friday to close at $2,019 per metric ton.

Chinese aluminum prices were mixed for the day. Chinese aluminum cash price rose 0.1 percent to CNY 16,030 ($2,530) per metric ton. The price of Chinese aluminum scrap remained essentially flat 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. The price of Chinese aluminum bar held steady at CNY 14,050 ($2,218) per metric ton.

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