Daily and Weekly Global Aluminum Price Indexes See Increases

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MetalMiner’s Daily Aluminum Price Index

On July 5, 2012, the LME aluminum cash price experienced the biggest change, rising one percent to $1,929 per metric ton. On the LME, the aluminum 3-month price increased 0.9 percent to $1,965 per metric ton. The Indian aluminum cash price saw little movement on Thursday, closing out below $2 per kilogram.

Chinese aluminum prices were flat for the day. The cash price of Chinese aluminum held steady on Thursday, remaining below $2,500 per metric ton. After a couple of days of improving prices, the price of Chinese aluminum billet held steady as well. For the fifth consecutive day, the price of Chinese aluminum bar held flat above $2,200 per metric ton.

Weekly Aluminum MMI®

The primary aluminum cash price rose 6.6 percent on the LME to $1,929 per metric ton (after falling 3.7 percent during the previous week), making it the week’s biggest mover on the weekly Aluminum MMI®. The aluminum 3-month price rose 6.3 percent on the LME to $1,965 per metric ton after falling 3.7 percent during the previous week.

The cash price of Chinese aluminum rose 1.9 percent after falling 1.8 percent during the previous week. The price of Chinese aluminum billet rose 1.9 percent as well, after falling 1.9 percent during the previous week. Prices for Chinese aluminum bar remained constant, closing the week above $2,200 per metric ton.

The cash price of primary Indian aluminum ticked up one percent over the past week.

Following a steady week, prices for Korean 3003 coil premium over 1050 sheet, Korean 5052 coil premium over 1050 sheet, European 5083 plate, and European 1050 aluminum all did not change since the previous week.

The Aluminum MMI® collects and weights 12 global aluminum price points to provide a unique view into aluminum price trends. For more information on the Aluminum MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

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