Small Drift for 3-Month Price of Aluminum

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Metal Prices, Premium

With a decline of 1.4 percent on the LME to $1,900 per metric ton on March 28, 2013, the 3-month price of aluminum recorded the biggest decline of the day. The cash price of primary aluminum weakened by 1.2 percent on the LME, settling at $1,867 per metric ton.

The Indian aluminum cash price inched up 0.9 percent.

Chinese aluminum prices were flat for the day. The cash price of Chinese aluminum remained essentially flat at CNY 14,520 ($2,336) per metric ton. The price of Chinese aluminum scrap remained steady at CNY 12,445 ($2,002) per metric ton. The price of Chinese aluminum billet remained essentially flat at CNY 14,450 ($2,325) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,050 ($2,261) per metric ton.