Chinese Aluminum Billet Rises 0.7%

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Chinese aluminum billet saw the biggest upwards shift for the day, rising 0.7 percent to close at CNY 15,050 ($2,414) per metric ton on Dec. 26, 2012. The Chinese aluminum cash price remained essentially flat at CNY 15,030 ($2,410) per metric ton. The price of Chinese aluminum bar continues hovering around CNY 14,050 ($2,253) per metric ton for the fifth day in a row. The price of Chinese aluminum scrap remained essentially flat at CNY 12,800 ($2,053) per metric ton.

The cash price of primary Indian aluminum held steady yesterday, remaining around INR 112.65 ($2.05) per kilogram. On the LME, the 3-month price of aluminum held steady around $2,091 per metric ton. The primary aluminum cash price steadied at $2,045 per metric ton following two-days of increases on the LME.

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