LME and Chinese Aluminum Cash Prices Drift Down

The cash price of primary aluminum experienced the biggest price decline of the day, dropping 1.2 percent on the LME to close at $1,820 per metric ton on August 3, 2012. Also on the LME, the aluminum 3-month price fell 1.2 percent to $1,854 per metric ton.

Meanwhile, the Indian aluminum cash price weakened by 0.2 percent.

Chinese aluminum closed mixed last Friday. Chinese aluminum billet ended the day after a 0.3 percent drop last Friday. The cash price of Chinese aluminum declined 0.3 percent as well.

The price of Chinese aluminum scrap held steady above $2,000 per metric ton, and the price of Chinese aluminum bar saw little movement last Friday.

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