Daily Aluminum Roundup: Indian Cash Price Changes Directions

Following a two-day decline, the cash price of primary Indian aluminum climbed up 0.5 percent 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 ended up steady for the day.

The cash price of Chinese aluminum weakened by 0.1 percent, while the price of Chinese aluminum scrap saw essentially no change for the fifth day in a row, remaining above $2,600 per metric ton.

Chinese aluminum billet saw little change in its price on Tuesday, holding between $2,500 and $2,550 per metric ton. The price of Chinese aluminum bar remained essentially flat at above $2,200 per metric ton.

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