Dropping two percent, the Indian aluminum cash price was the biggest mover on July 23, 2012, on MetalMiner’s daily aluminum price index.
The 3-month price of aluminum weakened by 1.1 percent on the LME, settling at $1,913 per metric ton. On the LME, the primary aluminum cash price declined 0.8 percent to $1,894 per metric ton.
Chinese aluminum closed mixed yesterday.
The Chinese aluminum cash price saw a 0.8 percent decline. Monday saw the price of Chinese aluminum scrap drift down 0.8 percent after three quiet days.
Chinese aluminum billet stayed flat below $2,500 per metric ton. The price of Chinese aluminum bar saw little movement, holding just above $2,200 per metric ton.
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