Cash Price of Primary Indian Aluminum Improves Slightly

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 At INR 115.95 ($2.13) per kilogram, the Indian aluminum cash price moved up 0.8 percent on Dec. 14, 2012, making it the day’s biggest mover. The primary aluminum cash price declined 0.6 percent on the LME to $2,121 per metric ton, after two days of improvement. The aluminum 3-month price saw a 0.5 percent decline on the LME to $2,122 per metric ton.

Chinese aluminum prices were flat for the day. The Chinese aluminum cash price flattened at CNY 15,030 ($2,406) per metric ton after two days of downward movement. The price of Chinese aluminum scrap saw little movement at CNY 12,800 ($2,049) per metric ton. At CNY 15,050 ($2,409) per metric ton, the price of Chinese aluminum billet was essentially unchanged. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,249) per metric ton.

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