Chinese Aluminum Billet on the Rise

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Metal Prices, Premium

Following a two-day flat streak, the price of Chinese aluminum billet climbed by 0.7 percent to end at CNY 14,500 ($2,334) per metric ton on March 21, 2013. The cash price of Chinese aluminum increased 0.3 percent to CNY 14,560 ($2,344) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,050 ($2,262) per metric ton. The price of Chinese aluminum scrap saw little movement at CNY 11,625 ($1,871) per metric ton.

The cash price of primary Indian aluminum closed at INR 103.20 ($1.90) per kilogram. Following a couple days of improvement, prices fell by 0.4 percent. On the LME, the primary aluminum cash price rose 0.2 percent to $1,905 per metric ton. On the LME, the aluminum 3-month price declined 0.1 percent to $1,943 per metric ton.