Cash Prices of China, India Aluminum Drop, LME Down Too

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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.

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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.

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