Dropping two percent, Indian aluminum cash price was the biggest mover on June 18, 2012 on our daily aluminum price index.
On the LME, the aluminum 3-month price fell 0.7 percent to $1,951 per metric ton. The primary aluminum cash price weakened by 0.5 percent on the LME, settling at $1,914 per metric ton.
Chinese aluminum prices closed flat for the day.
The cash price of Chinese aluminum remained essentially flat in the mid-$2,500s per metric ton. The price of Chinese aluminum scrap held steady below $2,600 per metric ton.
At under $2,500 per metric ton, the price of Chinese aluminum billet was essentially unchanged, and for the fifth day in a row, the price of Chinese aluminum bar remained essentially flat above $2,200 per metric ton.