Daily Aluminum Price Roundup: Indian Cash Price Drops

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On June 1, 2012, the cash price of primary Indian aluminum fell by 2.7 percent, making it the day’s biggest mover on global aluminum markets.

On the LME, the 3-month price of aluminum increased 0.8 percent to $2,013 per metric ton. After a 0.8 percent increase, the primary aluminum cash price finished the day on the LME at $1,973 per metric ton.

Chinese aluminum prices finished mixed on June 1.

The cash price of Chinese aluminum declined 0.2 percent, while the price of Chinese aluminum scrap remained essentially flat at above $2,600 per metric ton.

For the fifth day in a row, the price of Chinese aluminum billet remained essentially flat at above $2,500 per metric ton. The price of Chinese aluminum bar continues hovering around $2,200 per metric ton for the fifth day in a row.

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