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

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.

Complete and daily pricing available to all MetalMiner IndX℠ subscribers. See the perks here.

Leave a Reply

Your email address will not be published. Required fields are marked *

Scroll to Top