Cash Price Of Chinese Aluminum Sees Small Price Drop

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On June 27, 2012, the Chinese aluminum cash price fell by 1.9 percent, making it the day’s biggest mover. Chinese aluminum billet prices saw a 1.9 percent decline. The price of Chinese aluminum bar held steady. The price of Chinese aluminum scrap continues hovering just under $2,600 per metric ton for the fifth day in a row.

The 3-month price of aluminum saw a 0.4 percent decline on the LME to $1,851 per metric ton. On the LME, the primary aluminum cash price fell 0.4 percent to $1,810 per metric ton. Indian aluminum cash price gained 0.3 percent.

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