Cash Price Of Primary Indian Aluminum Keeps Declining

The Indian aluminum cash price saw the biggest decline of the day, dropping 0.6 percent on Aug. 14, 2012.

On the LME, the 3-month price of aluminum fell 0.6 percent to $1,866 per metric ton. Also on the LME, the primary aluminum cash price declined 0.6 percent to $1,823 per metric ton.

Meanwhile, Chinese aluminum closed mixed on Tuesday.

The cash price of Chinese aluminum saw a 0.2 percent decline, while the price of Chinese aluminum scrap continues hovering above $2,000 per metric ton for the fifth day in a row.

Chinese aluminum billet held its value on Tuesday, and the price of Chinese aluminum bar saw essentially no change for the fifth day in a row, holding north of $2,200 per metric ton.