Cash Price Of Chinese Aluminum Up After Two-Day Drop

The biggest change on the global aluminum markets tracked by the MetalMiner IndX℠ came when the Chinese aluminum cash price came out of a two-day slump with a 0.4 percent improvement on June 5, 2012.

Chinese aluminum billet, meanwhile, saw an increase, while other price points kept their value.

Chinese aluminum billet saw its price rise 0.2 percent on the day. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at above $2,200 per metric ton. The price of Chinese aluminum scrap remained essentially flat at below $2,600 per metric ton.

Indian aluminum cash price saw little movement yesterday at below $2 per kilogram.

The 3-month price of aluminum saw little movement yesterday on the LME, closing out around $1,979 per metric ton. Also on the LME, the primary aluminum cash price remained essentially flat at $1,936 per metric ton.

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