03 SEPTEMBER 2012MetalMiner
Chinese, Indian and LME Aluminum Prices Up on Weekly Aluminum Price Index
Edited by : AL CIRCLE
1 min read
The week’s biggest mover on the weekly Aluminum MMI® was the aluminum cash price, which saw a 2.4 percent increase on the LME to $1,872 per metric ton. The aluminum 3-month price rose 1.5 percent on the LME this week, closing out the third week at $1,896 per metric ton.
The cash price of primary Indian aluminum shifted up 1.2 percent this week.
Chinese aluminum prices were mixed, however. Chinese aluminum billet finished the week with a 0.3 percent increase. The cash price of Chinese aluminum shifted up 0.1 percent. Holding north of $2,200 per metric ton, the price of Chinese aluminum bar did not change since the previous week.
Following a steady week, prices for Korean 3003 coil premium over 1050 sheet closed flat. Prices for Korean 5052 coil premium over 1050 sheet remained constant, closing the week below $4 per kilogram.
At above $3,500 per metric ton, the week finished with no movement for European 5083 plate. European 1050 aluminum traded sideways last week as well.
The cash price of primary Indian aluminum shifted up 1.2 percent this week.
Chinese aluminum prices were mixed, however. Chinese aluminum billet finished the week with a 0.3 percent increase. The cash price of Chinese aluminum shifted up 0.1 percent. Holding north of $2,200 per metric ton, the price of Chinese aluminum bar did not change since the previous week.
Following a steady week, prices for Korean 3003 coil premium over 1050 sheet closed flat. Prices for Korean 5052 coil premium over 1050 sheet remained constant, closing the week below $4 per kilogram.
At above $3,500 per metric ton, the week finished with no movement for European 5083 plate. European 1050 aluminum traded sideways last week as well.
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