Chinese Aluminum Scrap Shifts 1.5%

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Metal Prices, Premium

Closing at CNY 12,445 ($2,006) per metric ton on the April 2, 2013, Chinese aluminum scrap rose 1.5 percent to finish as the day’s biggest mover. The cash price of Chinese aluminum flattened at CNY 14,430 ($2,326) per metric ton after two days of downward movement. The price of Chinese aluminum bar continues hovering around CNY 14,050 ($2,265) per metric ton for the fifth day in a row. Chinese aluminum billet saw little change in its price yesterday at CNY 14,350 ($2,313) per metric ton.

Tuesday saw the Indian aluminum cash price drift down 1.1 percent to INR 101.15 ($1.86) per kilogram after a couple of stagnant days. On the LME, the aluminum 3-month price held steady around $1,910 per metric ton. On the LME, the primary aluminum cash price saw little movement yesterday at $1,881 per metric ton.