Daily Aluminum Price Index Sees Indian Cash Price Drop

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Indian aluminum cash price saw a one percent drop on June 21, 2012, making it the biggest mover of the day on our daily aluminum price index. After a couple of days of decreasing prices on the LME, the primary aluminum cash price held steady at $1,879. On the LME, the aluminum 3-month price remained essentially flat at $1,920 per metric ton.

Meanwhile, Chinese aluminum prices were mixed for the day.

The cash price of Chinese aluminum weakened by 0.2 percent, while the price of Chinese aluminum scrap held steady at below $2,600 per metric ton. At under $2,500 per metric ton, the price of Chinese aluminum billet was essentially unchanged. For the fifth consecutive day, the price of Chinese aluminum bar held flat just north of $2,200 per metric ton.

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