On Tuesday, July 16, the day’s biggest mover was the aluminum cash price, which saw a 1.6 percent decline on the LME to $1,761 per metric ton. On the LME, the aluminum 3-month price declined 1.4 percent to $1,805 per metric ton. The cash price of primary Indian aluminum weakened by 1.2 percent, settling at INR 104.50 ($1.74) per kilogram.
Chinese aluminum prices were mixed for the day. After falling 0.4 percent to CNY 14,300 ($2,330) per metric ton, the cash price of Chinese aluminum reached a 30-day low. Chinese aluminum scrap stayed flat at around CNY 12,080 ($1,968) per metric ton. At CNY 14,350 ($2,338) per metric ton, the price of Chinese aluminum billet was essentially unchanged. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,289) per metric ton.