MetalMiner
LME Primary Aluminum price drops the lowest in 3-Months
Edited by : AL CIRCLE
1 min read
The primary aluminum 3-month price saw the biggest shift of the day, dropping 0.5 percent on the LME to close at $2,098 per metric ton on May 1, 2012. The LME primary aluminum cash price weakened by 0.5 percent, settling at $2,058 per metric ton. Indian primary aluminum held its value yesterday, above $2.00 per kilogram.
Chinese aluminum prices were flat for the day. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat above $2,600 per metric ton. The price of Chinese aluminum billet was unchanged at above $2,500 per metric ton. The price of Chinese aluminum bar held steady at above $2,200 per metric ton. The cash price of Chinese primary aluminum held steady on Tuesday on the SHFE, remaining around CNY 16,080 ($2,560) per metric ton.
Chinese aluminum prices were flat for the day. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat above $2,600 per metric ton. The price of Chinese aluminum billet was unchanged at above $2,500 per metric ton. The price of Chinese aluminum bar held steady at above $2,200 per metric ton. The cash price of Chinese primary aluminum held steady on Tuesday on the SHFE, remaining around CNY 16,080 ($2,560) per metric ton.
Previous article
Alstom wins twin contracts from NALCO and RINL
Next articleSteel, aluminium producers in Asia Pacific region to face weak profit rating over the next quarter
Grow with
AL Circle
