Cash Price of Aluminum Declines 1.7%

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Following two days of increases on the LME, the aluminum cash price dropped by 1.7 percent to end at $2,086 per metric ton on Feb. 19, 2013. The aluminum 3-month price changed direction with a 1.6 percent drop. After two days of improving prices, the metal finished at $2,130 per metric ton on the LME. The cash price of primary Indian aluminum saw a 0.5 percent decline to INR 112.65 ($2.08) per kilogram.

Chinese aluminum closed mixed yesterday. The cash price of Chinese aluminum fell 0.3 percent to CNY 14,750 ($2,362) per metric ton. The price of Chinese aluminum scrap was unchanged at CNY 12,650 ($2,026) per metric ton. The price of Chinese aluminum billet saw essentially no change for the fifth day in a row, remaining around CNY 14,850 ($2,378) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,050 ($2,250) per metric ton.