Indian, Chinese Aluminum Prices Improve on Daily Metal Price Index

Rising 0.5 percent, the cash price of Indian primary aluminum experienced the biggest change on our daily aluminum price index for July 9, 2012.

Conversely, the primary aluminum cash price saw a 0.2 percent decline on the LME to $1,910 per metric ton. Also on the LME, the 3-month price of aluminum showed little movement yesterday, hovering around $1,948 per metric ton.

Chinese aluminum closed mixed yesterday. Chinese aluminum billet gained 0.3 percent, and the Chinese aluminum cash price also finished the market day up 0.3 percent per metric ton.

Chinese aluminum scrap stayed flat at below $2,100 per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at above $2,200 per metric ton.

More in-depth pricing, as always, available to MetalMiner IndX℠ subscribers

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