Chinese Aluminum Billet Falls 1.3%

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Weakening prices ended a three-day flat streak as the price of Chinese aluminum billet fell 1.3 percent on Feb. 20, 2013 to CNY 14,650 ($2,346) per metric ton. The cash price of Chinese aluminum weakened by 0.1 percent, settling at CNY 14,730 ($2,359) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,050 ($2,250) per metric ton. The price of Chinese aluminum scrap remained essentially flat at CNY 12,650 ($2,026) per metric ton.

The cash price of primary Indian aluminum saw a 0.9 percent decline to INR 111.65 ($2.06) per kilogram. On the LME, the 3-month price of aluminum fell 0.7 percent to $2,114 per metric ton. On the LME, the primary aluminum cash price declined 0.5 percent to $2,075 per metric ton.