Daily Aluminum Price Roundup: LME 3-Month Drops, China Cash Up

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The aluminum 3-month price saw a 0.7 percent drop on the LME on June 11, 2012, landing at $1,973 per metric ton and making it the biggest mover of the day on global aluminum markets. On the LME, the primary aluminum cash price fell 0.4 percent to $1,938 per metric ton. Following a two-day drop, Indian aluminum cash price increased by 0.2 percent.

Chinese aluminum closed mixed on Monday. The Chinese aluminum cash price finished the market day up 0.2 percent per metric ton. The price of Chinese aluminum scrap held steady at below $2,600 per metric ton. The price of Chinese aluminum billet was essentially unchanged, while the price of Chinese aluminum bar remained essentially flat at above $2,200 per metric ton.

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