Small Shift For Cash Price Of Primary Indian Aluminum

On May 30, 2012, the day’s biggest mover was the cash price of primary Indian aluminum, which saw a 0.4 percent decline to INR 109.60 ($1.97) per kilogram. On the LME, the 3-month price of aluminum saw little movement yesterday at $2,019 per metric ton. The primary aluminum cash price saw little price change yesterday on the LME at $1,979 per metric ton.

Chinese aluminum prices closed flat for the day. 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. The price of Chinese aluminum billet remained essentially flat at CNY 16,000 ($2,526) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,050 ($2,218) per metric ton. Chinese aluminum cash price held steady around CNY 16,010 ($2,528) per metric ton.

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