LME Aluminum Prices Fall, While Asian Prices Increase

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On July 13, 2012, the cash price of primary aluminum fell by two percent on the LME, landing at $1,835 per metric ton and making it the day’s biggest mover on MetalMiner’s daily aluminum price index. On the LME, the aluminum 3-month price fell 1.9 percent to $1,870 per metric ton.

The cash price of primary Indian aluminum closed with a 1.4 percent rise last Friday.

Chinese aluminum prices were mixed for the day.

Following a two-day drop, the Chinese aluminum cash price increased by 0.1 percent. The price of Chinese aluminum scrap saw essentially no change for the fifth day in a row, remaining above $2,000 per metric ton.

After dropping for two days, the price of Chinese aluminum billet flattened at in the mid-$2,400-per-ton range. For the fifth consecutive day, the price of Chinese aluminum bar held flat above $2,200 per metric ton.

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