LME and Chinese Aluminum Cash Prices Drift Down

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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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