Cash Price of Indian Primary Aluminum Improves

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The cash price of Indian primary aluminum saw the biggest increase at 0.7 percent, finishing at INR 105.65 ($2.05) per kilogram for April 18, 2012. On the LME, the cash price of primary aluminum declined 0.3 percent to $2,040 per metric ton. Also on the LME, the 3-month price of primary aluminum held steady around $2,087 per metric ton.

Chinese aluminum prices were mixed for the day. The cash price of Chinese primary aluminum rose 0.4 percent to CNY 16,000 ($2,538) per metric ton. At CNY 16,050 ($2,546), the price of Chinese aluminum billet finished the market day up 0.3 percent per metric ton. The price of Chinese aluminum scrap was unchanged at CNY 16,650 ($2,642) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,050 ($2,229) per metric ton.

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