Cash Price of Aluminum Lower

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Commodities, Premium

With a decline of 0.9 percent on the LME to $1,845 per metric ton on April 4, 2013, the cash price of primary aluminum recorded the biggest decline of the day. The aluminum 3-month price saw a 0.8 percent decline on the LME to $1,877 per metric ton. The cash price of primary Indian aluminum fell 0.1 percent to a thirty-day low of INR 100.20 ($1.84) per kilogram on Thursday.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap held steady at CNY 12,445 ($2,007) per metric ton. Chinese aluminum billet held its value on Thursday at CNY 14,450 ($2,330) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,265) per metric ton. The cash price of Chinese aluminum remained essentially flat at CNY 14,430 ($2,327) per metric ton.

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