Following two days of increases on the LME, the aluminum 3-month price dropped by 0.9 percent to end at $1,947 per metric ton on July 6, 2012. Weakening prices followed two days of improvement as the primary aluminum cash price dropped 0.8 percent on the LME to $1,914 per metric ton on our daily aluminum price index.
On the other side of the globe, Indian aluminum cash price weakened by 0.7 percent.
China aluminum closed mostly down last Friday.
The cash price of Chinese aluminum fell 0.3 percent, and Chinese aluminum billet prices saw a 0.3 percent decline as well. The price of Chinese aluminum scrap remained essentially flat above $2,050 per metric ton.
For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat, holding north of $2,200 per metric ton.