LME Aluminum Under $1,800, Chinese Cash Price Drops Too

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Dropping 1.7 percent on the LME, the aluminum cash price was the biggest mover on our daily aluminum price index on June 19, 2012, closing at $1,881 per metric ton. The aluminum 3-month price saw a 1.5 percent decline on the LME to $1,921 per metric ton.

The cash price of primary Indian aluminum closed with a 0.5 percent rise on Tuesday.

Chinese aluminum prices were mixed for the day. The cash price of Chinese aluminum weakened by 0.8 percent; meanwhile, the price of Chinese aluminum scrap was unchanged at under $2,600 per metric ton.

The price of Chinese aluminum billet held steady, and for the fifth consecutive day, the price of Chinese aluminum bar held flat at above $2,200 per metric ton.

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