LME Aluminum Price Sees Small Jump

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On July 27, 2012, the day’s biggest mover was the LME aluminum cash price, which saw a 1.4 percent increase to $1,865 per metric ton. On the LME, the 3-month price of aluminum increased 1.4 percent to $1,897 per metric ton.

The cash price of primary Indian aluminum changed direction with a 0.8 percent drop after two days of improving prices.

Chinese aluminum closed mixed last Friday.

Chinese aluminum billet prices rose 1.3 percent, and the cash price of Chinese aluminum finished the market day up 0.5 percent per metric ton.

Chinese aluminum scrap stayed flat at above $2,000 per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at $2,200 per metric ton.

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