Indian Primary Aluminum Price Up Nearly 1%

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On April 20, 2012, Indian primary aluminum jumped up 0.9 percent, landing at INR 106.05 ($2.03) per kilogram and making it the day’s biggest increase. The cash price of primary aluminum weakened on the LME by 0.6 percent, settling at $2,016 per metric ton. Also on the LME, the 3-month price of primary aluminum declined 0.6 percent to $2,056 per metric ton.

Chinese aluminum prices closed mixed last Friday. Following a couple of essentially changeless days, the cash price of Chinese primary aluminum rose by 0.1 percent on the SHFE, closing at CNY 16,020 ($2,541) per metric ton. The price of Chinese aluminum scrap held steady at CNY 16,650 ($2,641) per metric ton. Chinese aluminum billet stayed flat at around CNY 16,050 ($2,546) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,050 ($2,228) per metric ton.

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