Cash Price Of Primary Indian Aluminum Improves Slightly

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On May 31, 2012, the day’s biggest mover was the cash price of primary Indian aluminum, which saw a 1.6 percent increase to INR 111.35 ($1.98) per kilogram. The aluminum 3-month price closed Thursday at $1,996 per metric ton, halting its two-day flat run on the LME with a 1.1 percent decline. Thursday saw the cash price of primary aluminum drift down 1.1 percent on the LME to $1,957 per metric ton after a couple of stagnant days.

Chinese aluminum closed mixed yesterday. The cash price of Chinese aluminum saw a 0.1 percent decline to CNY 15,990 ($2,520) per metric ton. The price of Chinese aluminum scrap was unchanged at CNY 16,650 ($2,624) per metric ton. The price of Chinese aluminum billet held steady at CNY 16,000 ($2,521) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,214) per metric ton.

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