Cash Price of Aluminum Moving Again

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On March 4, 2013, the day’s biggest mover was the cash price of primary aluminum, which saw a 2.9 percent decline on the LME to $1,914 per metric ton. The aluminum 3-month price weakened by 2.8 percent on the LME, settling at $1,961 per metric ton. After falling for two days, the Indian aluminum cash price rose 1.7 percent to INR 106.05 ($1.93) per kilogram.

Chinese aluminum closed mixed yesterday. At CNY 14,250 ($2,291) per metric ton, Chinese aluminum billet fell 0.3 percent on Monday. The Chinese aluminum cash price fell 0.2 percent to CNY 14,350 ($2,307) per metric ton. The price of Chinese aluminum scrap saw little movement at CNY 12,005 ($1,930) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,258) per metric ton.