MetalMiner
Chinese Aluminum Billet Price achieves 0.3 percent jump on May 7
Edited by : AL CIRCLE
1 min read
The day’s biggest mover on the aluminum markets — Chinese aluminum billet – broke away from a static phase with a 0.3 percent jump up on May 7, 2012, after three changeless days.
The cash price of Chinese primary aluminum saw little movement yesterday on the SHFE, closing out around CNY 16,170 ($2,564) per metric ton. The price of Chinese aluminum bar continues hovering above $2,200 per metric ton for the fifth day in a row. The price of Chinese aluminum scrap saw essentially no change for the fifth day in a row, remaining in the mid-$2,600s per metric ton.
The cash price of primary aluminum held steady yesterday on the LME, remaining around $2,048 per metric ton. The cash price of Indian primary aluminum remained essentially flat at INR 110.00 ($2.06) per kilogram. Also on the LME, the primary aluminum 3-month price saw little movement yesterday at below $2,100 per metric ton.
The cash price of Chinese primary aluminum saw little movement yesterday on the SHFE, closing out around CNY 16,170 ($2,564) per metric ton. The price of Chinese aluminum bar continues hovering above $2,200 per metric ton for the fifth day in a row. The price of Chinese aluminum scrap saw essentially no change for the fifth day in a row, remaining in the mid-$2,600s per metric ton.
The cash price of primary aluminum held steady yesterday on the LME, remaining around $2,048 per metric ton. The cash price of Indian primary aluminum remained essentially flat at INR 110.00 ($2.06) per kilogram. Also on the LME, the primary aluminum 3-month price saw little movement yesterday at below $2,100 per metric ton.
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