Cash Price Of Primary Indian Aluminum Changes Directions

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Following a two-day decline, the cash price of primary Indian aluminum climbed up 0.5 percent to end at INR 110.00 ($1.99) per kilogram on May 29, 2012. On the LME, the 3-month price of aluminum remained essentially flat at $2,021 per metric ton. The primary aluminum cash price remained essentially flat on the LME at $1,980 per metric ton.

Chinese aluminum prices were mixed for the day. The cash price of Chinese aluminum weakened by 0.1 percent, settling at CNY 16,010 ($2,528) 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 ($2,629) per metric ton. Chinese aluminum billet saw little change in its price on Tuesday at CNY 16,000 ($2,527) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,219) per metric ton.

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