January aluminum demand in the US and Canada – measured as shipments by domestic producers plus imports – totaled an estimated 2.018 billion lbs., down 2.9% from January 2013, according to preliminary estimates from the Aluminum Association.
The Indian aluminum cash price saw the biggest increase at 1.4 percent, finishing at INR 105.85 ($1.73) per kilogram for Monday, March 24. On the LME, the aluminum 3-month price gained 0.2 percent to finish at $1,719 per metric ton. At $1,677, the cash price of primary aluminum finished the market day on the LME up 0.2 percent per metric ton.
Chinese aluminum closed mixed yesterday. The cash price of Chinese aluminum reached a 30-day low after decreasing 0.3 percent to CNY 12,330 ($1,981) per metric ton. The price of Chinese aluminum scrap saw essentially no change for the fifth day in a row, remaining around CNY 12,250 ($1,968) per metric ton. The price of Chinese aluminum billet saw little movement at CNY 13,590 ($2,183) per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,200 ($2,281) per metric ton.