3-Month Price of Aluminum Sees Small Decrease

by on
Style:
Category:
Members Only, Metal Prices, Premium

Dropping 0.5 percent on the LME, the 3-month price of aluminum was the biggest mover on March 15, 2013, closing at $1,978 per metric ton. The cash price of primary aluminum weakened by 0.4 percent on the LME, settling at $1,938 per metric ton. The Indian aluminum cash price saw a 0.2 percent decline to INR 105.25 ($1.94) per kilogram.

Chinese aluminum prices were flat for the day. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat at CNY 11,625 ($1,870) per metric ton. The price of Chinese aluminum billet was unchanged at CNY 14,450 ($2,325) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,050 ($2,261) per metric ton. The Chinese aluminum cash price saw little movement last Friday at CNY 14,550 ($2,341) per metric ton.