Base Metals Price Update: Aluminum, Copper in China Increase

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Current Aluminum Prices

The aluminum 3-month price saw the biggest decline of the day, dropping 1.7 percent on the LME to close at $2,014 per metric ton on Feb. 27, 2013. The primary aluminum cash price on the LME has been on the decline for 9 days and is now at $1,970 per metric ton.

current aluminum prices - MetalMiner IndXThe Indian aluminum cash price has been on the decline for 12 days.

Chinese aluminum closed mixed on Wednesday. Following a 0.3 percent rise yesterday, the price of Chinese aluminum billet closed up. After falling for two days, the cash price of Chinese aluminum rose 0.1 percent. The price of Chinese aluminum scrap was essentially unchanged. For the fifth consecutive day, the price of Chinese aluminum bar held flat.

Current Copper Prices

On Feb. 27, 2013, the day’s biggest mover was the 3-month price of copper, which saw a 1.2 percent decline on the LME to $7,793 per metric ton. The cash price of primary copper weakened by 1.0 percent on the LME, settling at $7,784 per metric ton.

today's metal prices - MetalMiner IndXAfter a 0.5 percent increase, the prices of US copper producer grades 102, 110 and 122 finished the day up. For the fifth day in a row, the cash price of primary Japanese copper remained essentially flat.

Chinese copper prices were mixed for the day. Chinese copper wire saw its price rise 0.3 percent. Chinese copper bar gained 0.2 percent. The cash price of Chinese copper rose 0.2 percent. The price of Chinese bright copper scrap remained steady.