Cash Price of Aluminum Sees Small Decrease

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The day’s biggest mover was the cash price of primary aluminum which dropped by 2.5 percent on March 19, 2013 to close at $1,895 per metric ton on the LME. The aluminum 3-month price saw a 2.3 percent decline on the LME to $1,938 per metric ton. Following a two-day drop, the cash price of primary Indian aluminum increased by 0.3 percent to INR 103.25 ($1.91) per kilogram.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap saw little movement at CNY 11,625 ($1,871) per metric ton. Chinese aluminum billet stayed flat at around CNY 14,400 ($2,317) 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 Chinese aluminum cash price saw little movement yesterday, closing out around CNY 14,500 ($2,333) per metric ton.