LME aluminum

The Indian aluminum cash price saw a 1.9 percent increase on July 17, 2012, making it the biggest mover for the day on our daily aluminum price index.

On the LME, the 3-month price of aluminum saw little movement on Tuesday at $1,892 per metric ton. The cash price of primary aluminum saw little movement on Tuesday on the LME, closing out around $1,861 per metric ton.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap saw little movement, holding below $2,100 per metric ton. The prices of Chinese aluminum billet and Chinese aluminum bar both kept steady. Following a two-day rise, the Chinese aluminum cash price also flattened at below $2,500.

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The LME aluminum cash price closed up July 16, 2012 at $1,861 per metric ton, halting two days of weakening prices with a 1.4 percent shift. Following a two-day drop, the 3-month price of aluminum increased by 1.1 percent on the LME to $1,891 per metric ton.

The cash price of primary Indian aluminum weakened by 1.3 percent.

Chinese aluminum closed mixed on Monday. The price of Chinese aluminum billet increased 0.6 percent. The Chinese aluminum cash price increased 0.3 percent as well.

For the fifth consecutive day, the price of Chinese aluminum scrap held flat above $2,000 per metric ton. The price of Chinese aluminum bar remained essentially flat as well, holding fast at below $2,200 per metric ton.

On July 13, 2012, the cash price of primary aluminum fell by two percent on the LME, landing at $1,835 per metric ton and making it the day’s biggest mover on MetalMiner’s daily aluminum price index. On the LME, the aluminum 3-month price fell 1.9 percent to $1,870 per metric ton.

The cash price of primary Indian aluminum closed with a 1.4 percent rise last Friday.

Chinese aluminum prices were mixed for the day.

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Following two days of increases, the cash price of primary Indian aluminum dropped by 1.7 percent to end as the day’s biggest mover on our daily aluminum price index on July 11, 2012.

After a one percent increase, the 3-month price of aluminum finished the day on the LME at $1,922 per metric ton. The cash price of primary aluminum is back up, rising by 0.7 percent on the LME yesterday to close at $1,889 per metric ton.

Chinese aluminum prices were mixed for the day.

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Rising 0.5 percent, the cash price of Indian primary aluminum experienced the biggest change on our daily aluminum price index for July 9, 2012.

Conversely, the primary aluminum cash price saw a 0.2 percent decline on the LME to $1,910 per metric ton. Also on the LME, the 3-month price of aluminum showed little movement yesterday, hovering around $1,948 per metric ton.

Chinese aluminum closed mixed yesterday. Chinese aluminum billet gained 0.3 percent, and the Chinese aluminum cash price also finished the market day up 0.3 percent per metric ton.

Chinese aluminum scrap stayed flat at below $2,100 per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at above $2,200 per metric ton.

More in-depth pricing, as always, available to MetalMiner IndX℠ subscribers

Following two days of increases on the LME, the aluminum 3-month price dropped by 0.9 percent to end at $1,947 per metric ton on July 6, 2012. Weakening prices followed two days of improvement as the primary aluminum cash price dropped 0.8 percent on the LME to $1,914 per metric ton on our daily aluminum price index.

On the other side of the globe, Indian aluminum cash price weakened by 0.7 percent.

China aluminum closed mostly down last Friday.

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MetalMiner’s Daily Aluminum Price Index

On July 5, 2012, the LME aluminum cash price experienced the biggest change, rising one percent to $1,929 per metric ton. On the LME, the aluminum 3-month price increased 0.9 percent to $1,965 per metric ton. The Indian aluminum cash price saw little movement on Thursday, closing out below $2 per kilogram.

Chinese aluminum prices were flat for the day. The cash price of Chinese aluminum held steady on Thursday, remaining below $2,500 per metric ton. After a couple of days of improving prices, the price of Chinese aluminum billet held steady as well. For the fifth consecutive day, the price of Chinese aluminum bar held flat above $2,200 per metric ton.

Weekly Aluminum MMI®

The primary aluminum cash price rose 6.6 percent on the LME to $1,929 per metric ton (after falling 3.7 percent during the previous week), making it the week’s biggest mover on the weekly Aluminum MMI®. The aluminum 3-month price rose 6.3 percent on the LME to $1,965 per metric ton after falling 3.7 percent during the previous week.

The cash price of Chinese aluminum rose 1.9 percent after falling 1.8 percent during the previous week. The price of Chinese aluminum billet rose 1.9 percent as well, after falling 1.9 percent during the previous week. Prices for Chinese aluminum bar remained constant, closing the week above $2,200 per metric ton.

The cash price of primary Indian aluminum ticked up one percent over the past week.

Following a steady week, prices for Korean 3003 coil premium over 1050 sheet, Korean 5052 coil premium over 1050 sheet, European 5083 plate, and European 1050 aluminum all did not change since the previous week.

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 cash price of primary Indian aluminum jumped by 1.7 percent yesterday.   The aluminum 3-month price weakened by 0.3 percent on the LME, settling at $1,867 per metric ton. On the LME, the primary aluminum cash price rose 0.1 percent to $1,834 per metric ton.

Chinese aluminum closed mixed on Monday. The cash price of Chinese aluminum inched up 0.4 percent. For the fifth consecutive day, the price of Chinese aluminum scrap held flat. The price of Chinese aluminum billet ended a two-day climb, settling in the $2440 range. The price of Chinese aluminum bar saw little movement.

The monthly Aluminum MMI® registered a value of 96 in July, dropping 2 percent from June’s reading of 98.

Prices for aluminum fell in most markets, particularly Europe, China and India. As we saw earlier with the Stainless MMI®, Korean prices lent support to the aluminum complex.

Source: MetalMiner IndX(SM)

“Aluminum prices fell across the board in nearly every market with the exception of Korea,” said Lisa Reisman, managing editor of MetalMiner. “Overall, the Aluminum MMI® held up fairly well in comparison to the other MMI data to be released but is not inconsistent with slowing demand as demonstrated by yesterday’s release of the ISM Manufacturing Index data.

Drivers of This Month’s Change in the Aluminum MMI®

The Indian aluminum cash price dropped two percent.

On the LME, the primary aluminum cash price closed the month at $1,867 per metric ton after dropping 7 percent. The price of European 5083 plate fell 6.2 percent while European 1050 aluminum sheet prices fell 4.6 percent.

The Chinese aluminum cash price finished the month down 2 percent. Last month, Chinese aluminum billet prices dropped by 3 percent. Chinese aluminum scrap prices were down 0.9 percent for the month. Chinese aluminum bar prices remained unchanged.

Korean 3003 coil premium over 1050 sheet increased by 3 percent. The price of Korean 5052 coil premium over 1050 sheet also increased by 3 percent.   Korean 1050 aluminum sheet prices followed suit, shifting up 3 percent.

The Aluminum MMI® collects and weights 12 global aluminum price points to provide a unique view into aluminum price trends over a 30-day period. 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 monthly Aluminum MMI® registered a value of 96 in July, dropping 2 percent from June’s reading of 98.

Prices for aluminum fell in most markets, particularly Europe, China and India. As we saw earlier with the Stainless MMI®, Korean prices lent support to the aluminum complex.

Source: MetalMiner IndX(SM)

“Aluminum prices fell across the board in nearly every market with the exception of Korea,” said Lisa Reisman, managing editor of MetalMiner. “Overall, the Aluminum MMI® held up fairly well in comparison to the other MMI data to be released but is not inconsistent with slowing demand as demonstrated by yesterday’s release of the ISM Manufacturing Index data.

Drivers of This Month’s Change in the Aluminum MMI®

The Indian aluminum cash price dropped two percent.

On the LME, the primary aluminum cash price closed the month at $1,867 per metric ton after dropping 7 percent. The price of European 5083 plate fell 6.2 percent while European 1050 aluminum sheet prices fell 4.6 percent.

The Chinese aluminum cash price finished the month down 2 percent. Last month, Chinese aluminum billet prices dropped by 3 percent. Chinese aluminum scrap prices were down 0.9 percent for the month. Chinese aluminum bar prices remained unchanged.

Korean 3003 coil premium over 1050 sheet increased by 3 percent. The price of Korean 5052 coil premium over 1050 sheet also increased by 3 percent. Korean 1050 aluminum sheet prices followed suit, shifting up 3 percent.

The Aluminum MMI® collects and weights 12 global aluminum price points to provide a unique view into aluminum price trends over a 30-day period. 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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