The cash price of primary Indian aluminum moved up 1.2 percent on August 23, 2012, making it the day’s biggest mover. On the LME, the aluminum 3-month price gained 0.8 percent to finish at $1,868 per metric ton. Also on the LME, the cash price of primary aluminum rose 0.4 percent to $1,828 per metric ton.
Chinese aluminum closed mixed yesterday. The price of Chinese aluminum billet finished the day at around $2,400 per metric ton following a 0.3 percent increase. The cash price of Chinese aluminum rose 0.2 percent . The price of Chinese aluminum scrap saw little movement at around $2,000 per metric ton. The price of Chinese aluminum bar remained essentially flat hovering above $2,200 per metric ton.