Daily Aluminum Market Roundup: Indian Aluminum Falls 2.7%

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Yesterday saw Indian primary aluminum cash price move down 2.7 percent to INR 107.05 ($2.02) per kilogram, following three quiet days. The primary aluminum cash price saw little price change yesterday on the LME at $2,048 per metric ton. The primary aluminum 3-month price saw little movement on Tuesday on the LME, closing out around $2,088 per metric ton.

Chinese aluminum closed mixed yesterday. At CNY 16,150 ($2,567) per metric ton, Chinese aluminum billet fell 0.3 percent on Tuesday. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat at CNY 16,650 ($2,646) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,233) per metric ton. On the SHFE, the cash price of Chinese primary aluminum showed little movement on Tuesday, hovering around CNY 16,170 ($2,570) per metric ton.

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