3-Month Price of Aluminum Improves Slightly

With a 0.7 percent increase over the past day, the aluminum 3-month price was the biggest mover on the LME, closing at $2,108 per metric ton on Jan. 11, 2013. At $2,074, the primary aluminum cash price finished the market day on the LME up 0.6 percent per metric ton. The Indian aluminum cash price remained essentially flat at INR 113.25 ($2.08) per kilogram.

Chinese aluminum prices were mixed for the day. The cash price of Chinese aluminum increased 0.1 percent to CNY 15,060 ($2,419) per metric ton. The price of Chinese aluminum scrap saw little movement at CNY 12,800 ($2,056) per metric ton. Chinese aluminum billet held its value last Friday at CNY 15,050 ($2,417) per metric ton. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row, remaining around CNY 14,050 ($2,257) per metric ton.

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