3-Month Price of Aluminum Down

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Dropping 1.0 percent on the LME, the 3-month price of aluminum was the biggest mover on Feb. 7, 2013, closing at $2,095 per metric ton. On the LME, the primary aluminum cash price declined 0.7 percent to $2,059 per metric ton. The cash price of primary Indian aluminum rose 0.5 percent to INR 109.80 ($2.07) per kilogram.

Chinese aluminum prices closed flat for the day. Chinese aluminum scrap held its value on Thursday at CNY 12,650 ($2,030) per metric ton. For the fifth day in a row, the price of Chinese aluminum billet remained essentially flat at CNY 14,850 ($2,384) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,050 ($2,255) per metric ton. Following two days of downward movement, the Chinese aluminum cash price held steady at CNY 14,880 ($2,388) per metric ton.