Cash Price of Aluminum Sees Small Jump

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The cash price of primary aluminum saw the biggest upwards shift for the day, rising 2.6 percent on the LME to close at $1,945 per metric ton on March 14, 2013. On the LME, the aluminum 3-month price inched up 2.5 percent to $1,988 per metric ton. At INR 105.50 ($1.94), the cash price of primary Indian aluminum finished the market day up 0.2 percent per kilogram.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap remained essentially flat at CNY 11,625 ($1,871) per metric ton. The price of Chinese aluminum billet held steady at CNY 14,450 ($2,325) per metric ton. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row, remaining around CNY 14,050 ($2,261) per metric ton. The cash price of Chinese aluminum showed little movement on Thursday at CNY 14,550 ($2,341) per metric ton.