aluminum price

Following a two-day decline, the cash price of primary Indian aluminum climbed up 0.5 percent to end at INR 110.00 ($1.99) per kilogram 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 were mixed for the day. The cash price of Chinese aluminum weakened by 0.1 percent, settling at CNY 16,010 ($2,528) per metric ton. 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. Chinese aluminum billet saw little change in its price on Tuesday at CNY 16,000 ($2,527) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,219) per metric ton.

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 to CNY 1,010 ($159) per dry metric ton. Last week marked the fourth in a row of declining prices for the metal. At CNY 4,140 ($653) per metric ton, the price of Chinese rebar finished the week down one percent. US shredded scrap remained essentially flat from the previous week at $432 per short ton. At CNY 3,950 ($625) per metric ton, the price of Chinese H-beam steel did not change since the previous week.

Prices for Chinese aluminum bar remained constant, closing the week at CNY 14,050 ($2,219) per metric ton. European 1050 aluminum prices held steady from the previous week at EUR 2,327 ($3,055) per metric ton.

The weekly US Midwest bar fuel surcharge closed at $0.53 per short ton after a flat week. Closing at $0.56 per short ton, the weekly US Rocky Mountain bar fuel surcharge remained unchanged for the week. At $0.53 per short ton, the weekly US Gulf Coast bar fuel surcharge remained essentially flat.

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.

With a decline of 0.8 percent on May 28, 2012, the cash price of primary Indian aluminum recorded the biggest shift of the day on global aluminum markets. After falling for two days, the cash price of primary aluminum rose 0.6 percent on the LME to $1,979 per metric ton. The 3-month price of aluminum is back up, rising by 0.5 percent on the LME last Friday to close at $2,019 per metric ton.

Chinese aluminum prices were mixed for the day.

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With a decline of 0.8 percent to INR 109.45 ($1.98) per kilogram on May 28, 2012, the cash price of primary Indian aluminum recorded the biggest shift of the day. After falling for two days, the cash price of primary aluminum rose 0.6 percent on the LME to $1,979 per metric ton. The 3-month price of aluminum is back up, rising by 0.5 percent on the LME last Friday to close at $2,019 per metric ton.

Chinese aluminum prices were mixed for the day. Chinese aluminum cash price rose 0.1 percent to CNY 16,030 ($2,530) per metric ton. The price of Chinese aluminum scrap remained essentially flat at CNY 16,650 ($2,628) per metric ton. At CNY 16,000 ($2,525) per metric ton, the price of Chinese aluminum billet was essentially unchanged. The price of Chinese aluminum bar held steady at CNY 14,050 ($2,218) per metric ton.

On May 25, 2012, the day’s biggest mover was the cash price of primary Indian aluminum, which saw a 0.5 percent decline to INR 110.30 ($1.98) per kilogram. The 3-month price of aluminum saw a 0.3 percent decline on the LME to $2,008 per metric ton. The primary aluminum cash price weakened by 0.3 percent on the LME, settling at $1,968 per metric ton.

Chinese aluminum prices closed flat for the day. Chinese aluminum cash price held steady last Friday, remaining around CNY 16,010 ($2,527) per metric ton. The price of Chinese aluminum scrap was unchanged at CNY 16,650 ($2,628) per metric ton. At CNY 16,000 ($2,525) 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 ($2,218) per metric ton.

A 2.5 percent increase made Indian aluminum cash price the week’s biggest mover on the Aluminum MMI®. Following a 0.4 percent increase in the week prior, the primary aluminum cash price fell one percent on the LME last week to $1,974 per metric ton. The aluminum 3-month price fell 0.9 percent on the LME to $2,015 per metric ton after rising 0.4 percent the week before.

Chinese aluminum prices were mixed for the week.

The cash price of Chinese aluminum dropped 0.1 percent this week, closing out the third consecutive week of falling prices. Following a steady week, prices for Chinese aluminum bar closed flat above $2,200 per metric ton. Chinese aluminum billet traded sideways last week, hovering above $2,500 per metric ton.

The price of Korean 3003 coil premium over 1050 sheet did not change since the previous week. Korean 5052 coil premium over 1050 sheet also remained unchanged for the week. European 5083 plate remained essentially flat from the previous week at below $3,950 per metric ton. Prices for European 1050 aluminum remained constant, closing the week at above $3,050 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.

With a decline of 1.1 percent to $2,015 per metric ton on May 24, 2012, the LME aluminum 3-month price recorded the biggest shift of the day on global aluminum markets. The primary aluminum cash price weakened by 1.1 percent on the LME, settling at $1,974 per metric ton. The cash price of primary Indian aluminum increased 0.3 percent.

Chinese aluminum closed mixed yesterday.

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Automotive MMI® prices dropped the week of May 21, 2012. The week’s biggest mover on the Automotive MMI® was the price of US HDG, which saw a 2.3 percent decline. Last week marked the fourth in a row of declining prices for the metal.

The price of Chinese lead fell one percent over the past week. This was the third week in a row of declining prices.

Meanwhile, copper prices dropped as well.

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Automotive MMI® prices dropped the week of May 21, 2012. The week’s biggest mover on the Automotive MMI® was the price of US HDG, which saw a 2.3 percent decline to $802 per short ton. Last week marked the fourth in a row of declining prices for the metal.

Closing out the third week of declining prices, the cash price of primary copper dropped by one percent on the LME, finishing at $7,630 per metric ton. The price of Chinese lead fell one percent over the past week to CNY 15,300 ($2,417) per metric ton. This was the third week in a row of declining prices. The 3-month price of copper dropped 0.9 percent on the LME this week, closing out the third consecutive week of falling prices at $7,590 per metric ton. Following a steady week, prices for Korean 5052 coil premium over 1050 sheet closed flat at KRW 4,360 ($3) per kilogram.

At $1,425 per ounce, the price of US platinum bar finished the week down 1.9 percent. For the third week in a row, the price of US palladium bar dropped, falling 1.3 percent to $595.00 per ounce.

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.

A 2.5 percent increase made Indian aluminum cash price the week’s biggest mover on the Aluminum MMI℠, closing at INR 110.80 ($1.98) per kilogram. Following a 0.4 percent increase in the week prior, the primary aluminum cash price fell one percent on the LME last week to $1,974 per metric ton. The aluminum 3-month price fell 0.9 percent on the LME to $2,015 per metric ton after rising 0.4 percent the week before.

Chinese aluminum prices were mixed for the week. The cash price of Chinese aluminum dropped 0.1 percent this week, closing out the third consecutive week of falling prices at CNY 16,000 ($2,527) per metric ton. Following a steady week, prices for Chinese aluminum bar closed flat at CNY 14,050 ($2,219) per metric ton. Chinese aluminum billet traded sideways last week, hovering around CNY 16,000 ($2,527) per metric ton.

At KRW 4,210 ($3) per kilogram, the price of Korean 3003 coil premium over 1050 sheet did not change since the previous week. Closing at KRW 4,360 ($3) per kilogram, Korean 5052 coil premium over 1050 sheet remained unchanged for the week. European 5083 plate remained essentially flat from the previous week at EUR 3,004 ($3,944) per metric ton. Prices for European 1050 aluminum remained constant, closing the 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.

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