Current Aluminum Price Movements
Following a two-day decline on the LME, the 3-month price of aluminum climbed up 2.1 percent on MetalMiner’s aluminum price index to end at $1,948 per metric ton on Nov. 13, 2012. Following a 2.1 percent rise, the primary aluminum cash price closed on the LME at $1,928 per metric ton.
Chinese aluminum closed mixed on Tuesday. The Chinese aluminum cash price finished the market day up 0.3 percent per metric ton. The price of Chinese aluminum billet finished the market day up 0.3 percent as well. The price of Chinese aluminum scrap continues hovering in place for the fifth day in a row. The price of Chinese aluminum bar was unchanged yesterday.
Current Copper Prices Move Up
The biggest change on our daily copper price index came for the copper cash price, rising from a two-day slump with a 1.3 percent improvement on the LME to close at $7,635 per metric ton. After falling for two days, the 3-month price of LME copper rose 1.2 percent to $7,626 per metric ton.
The price of US copper producer grades 102, 110 and 122 rose 0.7 percent. For the fifth consecutive day, the Japanese copper cash price held flat.
Chinese copper closed mixed on Tuesday. Chinese copper wire saw its price rise 0.4 percent. Chinese copper bar gained 0.2 percent, and the Chinese copper cash price also finished the market day up 0.2 percent per metric ton. The price of Chinese bright copper scrap remained steady.