Cash Price of Aluminum Drifts Downwards

The aluminum cash price saw the biggest decline of the day, dropping 2.6 percent on the LME to close at $1,883 per metric ton on Tuesday, June 11. The 3-month price of aluminum saw a 2.3 percent decline on the LME to $1,923 per metric ton. The cash price of primary Indian aluminum remained essentially flat at INR 108.90 ($1.87) per kilogram.

Chinese aluminum prices closed flat for the day. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat at CNY 13,170 ($2,147) per metric ton. At CNY 14,850 ($2,421) per metric ton, the price of Chinese aluminum billet was essentially unchanged. The price of Chinese aluminum bar held steady at CNY 14,050 ($2,290) per metric ton. The Chinese aluminum cash price held steady around CNY 14,920 ($2,432) per metric ton.

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