3-Month Price Of Aluminum Up After 2-Day Decline on Daily Index

Weakening prices changed direction when the aluminum 3-month price rose 1.1 percent on Aug. 20, 2012, on the LME to $1,851 per metric ton. Following a two-day drop, the cash price of primary aluminum increased by 0.9 percent on the LME to $1,810 per metric ton.

On the other side of the globe, the Indian aluminum cash price fell 0.6 percent.

Chinese aluminum prices were mixed for the day.

The cash price of Chinese aluminum declined 0.4 percent, while Chinese aluminum billet finished the day down 0.3 percent.

The price of Chinese aluminum scrap continues hovering around above $2,000 per metric ton for the fifth day in a row. The price of Chinese aluminum bar saw little movement, holding north of $2,200 per metric ton.

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