On Monday, June 17, the day’s biggest mover was the cash price of primary Indian aluminum, which saw a 1.4 percent decline.
Following a 0.1 percent rise yesterday, the cash price of primary aluminum closed on the LME at $1,815 per metric ton. The 3-month price of aluminum steadied at $1,855 per metric ton following two-days of dropping prices on the LME.
Chinese aluminum prices were mixed for the day. The Chinese aluminum cash price declined 0.9 percent. The price of Chinese aluminum scrap saw little movement. The price of Chinese aluminum billet remained essentially flat. For the fifth consecutive day, the price of Chinese aluminum bar held flat as well.