Chinese Aluminum Scrap Price Down 5.1% After Flat Spell

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On Feb. 25, 2013, the day’s biggest mover was the price of Chinese aluminum scrap, which saw a 5.1 percent decline to CNY 12,005 ($1,929) per metric ton. This was the first move after three changeless days. The Chinese aluminum cash price declined 0.4 percent to CNY 14,520 ($2,333) per metric ton. Chinese aluminum billet finished the day down 0.3 percent to CNY 14,450 ($2,322) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,050 ($2,258) per metric ton.

The cash price of primary Indian aluminum has been on the decline for 10 days and is now at INR 108.30 ($2.00) per kilogram. The primary aluminum cash price on the LME has been on the decline for 7 days and is now at $2,024 per metric ton. The aluminum 3-month price on the LME has been on the decline for 7 days and is now at $2,064 per metric ton.