Following two days of increases, the cash price of primary Indian aluminum dropped by 1.7 percent to end as the day’s biggest mover on our daily aluminum price index on July 11, 2012.
After a one percent increase, the 3-month price of aluminum finished the day on the LME at $1,922 per metric ton. The cash price of primary aluminum is back up, rising by 0.7 percent on the LME yesterday to close at $1,889 per metric ton.
Chinese aluminum prices were mixed for the day.
The Chinese aluminum cash price declined 0.4 percent, while the price of Chinese aluminum billet fell 0.3 percent. For the fifth consecutive day, the prices of Chinese aluminum scrap and aluminum bar remained essentially flat.
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