LME Cash Price of Aluminum Still Dropping

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On Monday, July 29, the aluminum cash price fell by 1.3 percent on the LME, landing at $1,761 per metric ton and making it the day’s biggest mover. Today marks the fifth day in a row of declining prices for the aluminum 3-month price. After falling 1.3 percent on the LME, prices settled at $1,805 per metric ton, driving an accelerated drop-off since Tuesday, July 23.

After falling for two days, the Indian aluminum cash price rose 0.6 percent.

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Chinese aluminum closed mixed on Monday. Following a quiet couple of days, the Chinese aluminum cash price fell 0.4 percent yesterday. The price of Chinese aluminum scrap held steady. The price of Chinese aluminum billet saw essentially no change for the fifth day in a row. The price of Chinese aluminum bar was unchanged.

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