Chinese Aluminum Billet Price Drops After 3 Flat Days

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On June 20, 2012, the day’s biggest mover on MetalMiner’s daily aluminum price index was the price of Chinese aluminum billet, which saw a 0.6 percent decline. This was the first shift after three changeless days.

The Chinese aluminum cash price, meanwhile, fell 0.3 percent. The price of Chinese aluminum bar saw little movement at above $2,200 per metric ton. The price of Chinese aluminum scrap continues hovering below $2,600 per metric ton for the fifth day in a row.

The cash price of primary Indian aluminum declined 0.2 percent.

The primary aluminum cash price saw a 0.2 percent decline on the LME to $1,878 per metric ton. Following two days of downward movement, the 3-month price of aluminum held steady at $1,920 per metric ton on the LME.

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