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.
Chinese aluminum prices were mixed for the day. After falling 0.4 percent, the cash price of Chinese aluminum reached a 30-day low. Chinese aluminum scrap stayed flat. The price of Chinese aluminum billet was essentially unchanged. The price of Chinese aluminum bar remained essentially flat.