3-Month Price of Aluminum Down

With a decline of 1.2 percent on the LME to $1,889 per metric ton on April 12, 2013, the aluminum 3-month price recorded the biggest decline of the day. The cash price of primary aluminum saw a 1.2 percent decline on the LME to $1,855 per metric ton. After falling 1.0 percent to INR 100.20 ($1.85) per kilogram, the cash price of primary Indian aluminum reached a thirty-day low.

Chinese aluminum prices were mixed for the day. Following two days of rising prices, the cash price of Chinese aluminum dropped 0.1 percent to CNY 14,590 ($2,354) per metric ton. Chinese aluminum scrap held its value last Friday at CNY 12,365 ($1,995) per metric ton. At CNY 14,450 ($2,331) per metric ton, the price of Chinese aluminum billet was essentially unchanged. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,267) per metric ton.

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