LME Primary Aluminum 3-Month Price Up After Two-Day Drop

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On April 23, 2012, the day’s biggest mover in aluminum markets was the 3-month price of primary aluminum, which saw a one percent increase on the LME to $2,076 per metric ton. After falling for two days, the cash price of primary aluminum rose 0.9 percent on the LME to $2,034 per metric ton. Indian aluminum primary gained 0.1 percent to finish at INR 106.20 ($2.04) per kilogram.

Chinese aluminum prices closed mixed on Monday. Following three days of little change, the price of Chinese aluminum billet rose by 0.3 percent to CNY 16,100 ($2,554) per metric ton. On the SHFE, the cash price of Chinese primary aluminum held steady around CNY 16,030 ($2,543) per metric ton. The price of Chinese aluminum scrap remained even at CNY 16,650 ($2,641) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,050 ($2,229) per metric ton.

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