Daily Aluminum Roundup: Chinese Cash Price Sees Small Drop

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The cash price of primary Chinese aluminum saw a 0.4 percent drop on June 6, 2012, making it the biggest mover of the day on global aluminum markets.

Chinese aluminum billet ended the day after a 0.2 percent drop yesterday. The price of Chinese aluminum bar held steady at above $2,200 per metric ton. Chinese aluminum scrap stayed flat at below $2,600 per metric ton.

Wednesday saw Indian aluminum cash price drift down 0.3 percent after a couple of stagnant days.

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

Check out this month’s Aluminum MMI® report.

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