Cash Price of Chinese Aluminum on the Rise

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The Chinese aluminum cash price rose 0.1 percent on March 13, 2013, making it the day’s biggest mover. After two days of flat prices, it closed at CNY 14,550 ($2,341) per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,261) per metric ton. Chinese aluminum billet saw little change in its price on Wednesday at CNY 14,450 ($2,325) per metric ton. The price of Chinese aluminum scrap remained steady at CNY 11,625 ($1,871) per metric ton.

The Indian aluminum cash price saw little movement yesterday, closing out around INR 105.25 ($1.94) per kilogram. The aluminum 3-month price held steady yesterday on the LME, remaining around $1,940 per metric ton. The primary aluminum cash price remained essentially flat on the LME at $1,895 per metric ton.