aluminum price

The week’s biggest mover on the Aluminum MMI® was the LME aluminum 3-month price, which saw a 0.9 percent decline to $1,996 per metric ton. Last week marked the fourth in a row of declining prices for the metal.The aluminum cash price fell 0.9 percent on the LME over the past week to $1,957 per metric ton. This was the third week in a row of declining cash prices.

Also closing out the third week of rising prices, Indian aluminum cash price increased by 0.5 percent.

Chinese aluminum prices were flat for the week. The Chinese aluminum cash price closed at above $2,500 per metric ton after a flat week. Following a steady week, prices for Chinese aluminum bar closed flat at above $2,200 per metric ton. At above $2,500 per metric ton, the price of Chinese aluminum billet did not change since the previous week.

Korean 3003 coil premium over 1050 sheet remained essentially flat from the previous week, as did prices for Korean 5052 coil premium over 1050 sheet. European 5083 plate traded sideways last week, hovering below $4,000 per metric ton. European 1050 aluminum prices held steady from the previous week at above $3,000 per metric ton.

The Aluminum MMI® collects and weights 12 global aluminum price points to provide a unique view into aluminum price trends. For more information on the Aluminum MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

On May 31, 2012, the day’s biggest mover on global aluminum markets was the cash price of primary Indian aluminum, which saw a 1.6 percent increase.

The LME aluminum 3-month price closed Thursday at $1,996 per metric ton, halting its two-day flat run on the LME with a 1.1 percent decline. Thursday saw the cash price of primary aluminum drift down 1.1 percent on the LME to $1,957 per metric ton after a couple of stagnant days.

Chinese aluminum prices closed mixed yesterday.

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The week’s biggest mover on the Aluminum MMI® was the aluminum 3-month price, which saw a 0.9 percent decline on the LME to $1,996 per metric ton. Last week marked the fourth in a row of declining prices for the metal. The primary aluminum cash price fell 0.9 percent on the LME over the past week to $1,957 per metric ton. This was the third week in a row of declining prices. Closing out the third week of rising prices, Indian aluminum cash price increased by 0.5 percent, landing at INR 111.35 ($1.98) per kilogram.

Chinese aluminum prices were flat for the week. Chinese aluminum cash price closed at CNY 15,990 ($2,520) per metric ton after a flat week. Following a steady week, prices for Chinese aluminum bar closed flat at CNY 14,050 ($2,214) per metric ton. At CNY 16,000 ($2,521) per metric ton, the price of Chinese aluminum billet did not change since the previous week.

Korean 3003 coil premium over 1050 sheet remained essentially flat from the previous week at KRW 4,210 ($3) per kilogram. Prices for Korean 5052 coil premium over 1050 sheet remained constant, closing the week at KRW 4,360 ($3) per kilogram. European 5083 plate traded sideways last week, hovering around EUR 3,004 ($3,944) per metric ton. European 1050 aluminum prices held steady from the previous week at EUR 2,327 ($3,055) per metric ton.

The Aluminum MMI® collects and weights 12 global aluminum price points to provide a unique view into aluminum price trends. For more information on the Aluminum MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

The week’s biggest mover on the Automotive MMI® was the price of US platinum bar, which saw a 1.9 percent decline to $1,398 per ounce. Last week marked the fourth in a row of declining prices for the metal. The price of US palladium bar rose 1.2 percent to $602.00 per ounce after falling 1.3 percent during the previous week.

The price of US HDG fell 0.5 percent over the past week to $798 per short ton. This was the third week in a row of declining prices.

Closing out the third week of declining prices, the cash price of primary copper dropped by 1.2 percent on the LME, finishing at $7,540 per metric ton. For the third week in a row, the 3-month price of copper dropped, falling 0.6 percent on the LME to $7,545 per metric ton. The Chinese lead price dropped 0.3 percent this week, closing out the third consecutive week of falling prices at CNY 15,250 ($2,403) per metric ton. Prices for Korean 5052 coil premium over 1050 sheet remained constant, closing the week at KRW 4,360 ($3) per kilogram.

The Automotive MMI® collects and weights 7 metal price points used in automotive production to provide a unique view into automotive metal trends. For more information on the Automotive MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.

On May 31, 2012, the day’s biggest mover was the cash price of primary Indian aluminum, which saw a 1.6 percent increase to INR 111.35 ($1.98) per kilogram. The aluminum 3-month price closed Thursday at $1,996 per metric ton, halting its two-day flat run on the LME with a 1.1 percent decline. Thursday saw the cash price of primary aluminum drift down 1.1 percent on the LME to $1,957 per metric ton after a couple of stagnant days.

Chinese aluminum closed mixed yesterday. The cash price of Chinese aluminum saw a 0.1 percent decline to CNY 15,990 ($2,520) per metric ton. The price of Chinese aluminum scrap was unchanged at CNY 16,650 ($2,624) per metric ton. The price of Chinese aluminum billet held steady at CNY 16,000 ($2,521) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,214) per metric ton.

On May 30, 2012, the day’s biggest mover was the cash price of primary Indian aluminum, which saw a 0.4 percent decline to INR 109.60 ($1.97) per kilogram. On the LME, the 3-month price of aluminum saw little movement yesterday at $2,019 per metric ton. The primary aluminum cash price saw little price change yesterday on the LME at $1,979 per metric ton.

Chinese aluminum prices closed flat for the day. The price of Chinese aluminum scrap saw essentially no change for the fifth day in a row, remaining around CNY 16,650 ($2,629) per metric ton. The price of Chinese aluminum billet remained essentially flat at CNY 16,000 ($2,526) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,050 ($2,218) per metric ton. Chinese aluminum cash price held steady around CNY 16,010 ($2,528) per metric ton.

On May 30, 2012, the Indian aluminum cash price fell by 0.4 percent, making it the day’s biggest mover on global aluminum markets.

The LME aluminum 3-month price showed little movement on Wednesday at $2,019 per metric ton. On the LME, the cash price of primary aluminum saw little change in its price on Wednesday at $1,979 per metric ton.

Prices on the Chinese aluminum market, meanwhile, remained sleepy…

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Analysts and commentators have been saying for the last year that falling commodity prices will cause mine and smelter closures across a whole range of base metals and even some precious metals, but so far the reaction has been limited.

The FT Editors note points out the difference between the oil market where OPEC can cut production en masse by coordinating output at a third of global producers, and the metals producers who inevitably engage in a game of chicken, hoping their competitor will blink first and close.

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Following a two-day decline, the cash price of primary Indian aluminum climbed up 0.5 percent on May 29, 2012.

On the LME, the 3-month price of aluminum remained essentially flat at $2,021 per metric ton. The primary aluminum cash price remained essentially flat on the LME at $1,980 per metric ton.

Chinese aluminum prices ended up steady for the day.

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The week’s biggest mover on the Construction MMI® was the Chinese low price of 62% Australian iron ore fines, which saw a 1.9 percent decline. Last week marked the fourth in a row of declining prices for the metal.

Chinese steel was down, while US shredded scrap and bar fuel surcharges held relatively steady.

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