The LME aluminum cash price closed up July 16, 2012 at $1,861 per metric ton, halting two days of weakening prices with a 1.4 percent shift. Following a two-day drop, the 3-month price of aluminum increased by 1.1 percent on the LME to $1,891 per metric ton.
The cash price of primary Indian aluminum weakened by 1.3 percent.
Chinese aluminum closed mixed on Monday. The price of Chinese aluminum billet increased 0.6 percent. The Chinese aluminum cash price increased 0.3 percent as well.
For the fifth consecutive day, the price of Chinese aluminum scrap held flat above $2,000 per metric ton. The price of Chinese aluminum bar remained essentially flat as well, holding fast at below $2,200 per metric ton.