Aluminum Prices Increase on LME, in China

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The Chinese aluminum cash price saw a 0.7 percent increase on June 12, 2012, making it the biggest mover for the day on global aluminum markets. The price of Chinese aluminum billet closed Tuesday by halting its two-day flat run with a 0.3 percent decline.

For the fifth consecutive day, the price of Chinese aluminum bar held flat at above $2,200 per metric ton. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat.

The cash price of primary Indian aluminum finished the day with a 0.6 percent increase. Aluminum prices on the LME saw some paltry gains on June 12: the aluminum 3-month price rose 0.4 percent to $1,981 per metric ton, while the primary aluminum cash price inched up 0.3 percent to finish at $1,943 per metric ton.

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