Cash Price of Primary Indian Aluminum Changes Directions

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The cash price of primary Indian aluminum closed up Sept. 3, 2012, halting two days of weakening prices with a 1.2 percent shift.

On the LME, the aluminum 3-month price fell 1.1 percent to $1,869 per metric ton. The primary aluminum cash price weakened by 1.0 percent on the LME, settling at $1,848 per metric ton.

Chinese aluminum prices were flat for the day.

The price of Chinese aluminum scrap remained above $2,000 per metric ton, Chinese aluminum billet prices continue hovering above $2,400, the price of Chinese aluminum bar saw essentially no change at above $2,200, and the cash price of Chinese aluminum held steady north of $2,400 per metric ton.

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