3-Month Price of Aluminum Improves Slightly

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On Aug. 27, 2012, the day’s biggest mover was the aluminum 3-month price, which saw a 0.7 percent increase on the LME to $1,901 per metric ton. Also on the LME, the primary aluminum cash price gained 0.5 percent to finish at $1,870 per metric ton.

The Indian aluminum cash price ended a two-day climb, settling below $2 per metric ton.

Chinese aluminum prices were mixed for the day. The Chinese aluminum cash price increased 0.1 percent, while the price of Chinese aluminum scrap remained essentially flat above $2,000 per metric ton.

The price of Chinese aluminum billet steadied above $2,400 per metric ton following two days of increases. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat above $2,200 per metric ton.

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