Chinese Aluminum Scrap Breaks Flat Spell

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The price of Chinese aluminum scrap fell 1.8 percent on March 5, 2013, making it the day’s biggest mover. After three days of flat prices, it closed at CNY 11,785 ($1,894) per metric ton. The Chinese aluminum cash price steadied at CNY 14,350 ($2,306) per metric ton following two-days of dropping prices. The price of Chinese aluminum bar was unchanged at CNY 14,050 ($2,258) per metric ton. Following two days of downward movement, the price of Chinese aluminum billet held steady at CNY 14,250 ($2,290) per metric ton.

After a 0.7 percent increase, the primary aluminum cash price finished the day on the LME at $1,926 per metric ton. On the LME, the aluminum 3-month price rose 0.6 percent to $1,972 per metric ton. The cash price of primary Indian aluminum increased 0.1 percent to INR 106.20 ($1.94) per kilogram.