Cash Price of Aluminum Switches Direction

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On Dec. 19, 2012, the day’s biggest mover was the cash price of primary aluminum, which saw a 3.8 percent decline on the LME to $2,080 per metric ton. The Indian aluminum cash price saw a 0.6 percent decline to INR 113.45 ($2.07) per kilogram. The 3-month price of aluminum weakened by 0.6 percent on the LME, settling at $2,098 per metric ton.

Chinese aluminum closed mixed on Wednesday. The cash price of Chinese aluminum fell 0.1 percent to CNY 15,030 ($2,410) per metric ton. The price of Chinese aluminum scrap remained essentially flat at CNY 12,800 ($2,052) per metric ton. The price of Chinese aluminum billet saw little movement at CNY 15,050 ($2,413) per metric ton. The price of Chinese aluminum bar was unchanged at CNY 14,050 ($2,253) per metric ton.

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