Cash Price of Primary Indian Aluminum Drops Almost 3%

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The day’s biggest mover on MetalMiner’s aluminum price index was the cash price of primary Indian aluminum, which dropped by 2.8 percent on Sept. 24, 2012.

The 3-month price of aluminum on the LME has been on the decline for 7 days and is now at $2,107 per metric ton. The cash price of primary aluminum on the LME has been on the decline for 7 days and is now at $2,093 per metric ton.

Chinese aluminum closed mixed yesterday. The cash price of Chinese aluminum declined 0.3 percent, and Chinese aluminum billet prices also fell 0.3 percent on Monday after three straight days with no change.

The price of Chinese aluminum scrap remained essentially flat, and for the fifth day in a row, the price of Chinese aluminum bar remained even-keeled as well.

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