Global Aluminum Prices Quiet Down, But LME Cash Price Up

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Following two days of increases, the cash price of primary Indian aluminum dropped by 0.8 percent on Monday, July 1.

Following a two-day drop, the cash price of primary aluminum increased by 0.7 percent on the LME to $1,731 per metric ton. Following a 0.7 percent rise yesterday, the aluminum 3-month price closed on the LME at $1,776 per metric ton.

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Chinese aluminum prices closed flat for the day. The Chinese aluminum cash price showed little movement on Monday. The price of Chinese aluminum scrap continues hovering in place for the fifth day in a row. The price of Chinese aluminum billet remained steady. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat.