Cash Price of Aluminum Rises 0.9%

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The cash price of primary aluminum saw the biggest increase at 0.9 percent on the LME, finishing at $1,943 per metric ton for March 6, 2013. Following a couple days of improvement, the cash price of primary Indian aluminum weakened by 0.7 percent. Prices closed at INR 105.45 ($1.92) per kilogram. On the LME, the 3-month price of aluminum increased 0.6 percent to $1,984 per metric ton.

Chinese aluminum prices were mixed for the day. After a 0.7 percent increase, Chinese aluminum billet finished the day at CNY 14,350 ($2,305) per metric ton. At CNY 14,420 ($2,317), the Chinese aluminum cash price finished the market day up 0.5 percent per metric ton. The price of Chinese aluminum scrap held steady at CNY 11,785 ($1,893) per metric ton. The price of Chinese aluminum bar continues hovering around CNY 14,050 ($2,257) per metric ton for the fifth day in a row.