LME, China Aluminum Prices Drop, But India Cash Price Rises

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On July 24, 2012, the day’s biggest mover was the aluminum cash price, which saw a 3.1 percent decline on the LME to $1,835 per metric ton. The aluminum 3-month price saw a 2.7 percent decline on the LME to $1,860 per metric ton.

The Indian aluminum cash price, meanwhile, is back up, rising by 0.7 percent on Tuesday.

Chinese aluminum prices were mixed for the day. Chinese aluminum billet ended the day at above $2,400 per metric ton, after a one percent drop yesterday. The Chinese aluminum cash price declined 0.1 percent as well.

Chinese aluminum scrap stayed flat at about $2,050 per metric ton. Finally, the price of Chinese aluminum bar saw essentially no change for the fifth day in a row.

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