aluminum price

Closing at CNY 3,950 ($624) per metric ton on the Construction MMI®, Chinese H-beam steel finished as the week’s biggest mover with a 3.2 percent decline. The Chinese low price of 62% Australian iron ore fines fell 1.9 percent over the past week to CNY 1,030 ($162) per dry metric ton. This was the third week in a row of declining prices. At CNY 4,180 ($661) per metric ton, the price of Chinese rebar finished the week down 1.6 percent. US shredded scrap fell 0.2 percent over the past week to $432 per short ton.

Prices for Chinese aluminum bar remained constant, closing the week at CNY 14,050 ($2,222) per metric ton. Following a steady week, prices for European 1050 aluminum closed flat at EUR 2,327 ($3,055) per metric ton.

After a two percent decline, weekly US Midwest bar fuel surcharge closed out the week at $0.53 per short ton. Weekly US Gulf Coast bar fuel surcharge prices were off slightly at $0.53 per short ton, down from $0.54 a week ago. The price of weekly US Rocky Mountain bar fuel surcharge declined 0.6 percent over the past week, settling at $0.56 per short ton.

The Construction MMI® collects and weights 9 metal price points used within the construction industry to provide a unique view into construction industry price trends. For more information on the Construction MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

Copper Market Price Trends – April 30, 2012

Primary copper cash prices saw the biggest upwards shift for the day, rising one percent on the LME to close at $8,443 per metric ton on April 30, 2012. Also on the LME, primary copper 3-month prices increased 0.8 percent to $8,322 per metric ton.

US copper producer grade 110 prices inched up 0.7 percent to $6.81 per pound. After a 0.7 percent increase, the US copper producer grade 102 price finished the day at $7.00 per pound. The Japanese primary copper cash price showed little movement yesterday, hovering around JPY 703,000 ($8,711) per metric ton.

Chinese copper prices were flat for the day. The Chinese primary copper cash price steadied at CNY 59,350 ($9,436) on the SHFE per metric ton. The price of Chinese copper wire flattened at CNY 58,225 ($9,257) after two days of improvement. The price of Chinese bright copper scrap showed little movement yesterday at CNY 50,050 ($7,958) per metric ton.

Aluminum Market Price Trends – April 30, 2012

On April 30, 2012, LME primary aluminum cash prices experienced the biggest change, rising 1.4 percent to $2,068 per metric ton. On the LME, the 3-month price of primary aluminum rose 1.4 percent to $2,109 per metric ton. The cash price of Indian primary aluminum declined 0.8 percent to INR 108.05 ($2.06) per kilogram, after two days of improvement.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap was unchanged at CNY 16,650 ($2,647) per metric ton. The price of Chinese aluminum billet saw essentially no change for the fifth day in a row, remaining around CNY 16,100 ($2,559) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,050 ($2,233) per metric ton. On the SHFE, Chinese primary aluminum cash prices remained essentially flat at CNY 16,080 ($2,556) per metric ton.

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