After Two-Day Rise, Cash Price of Primary Indian Aluminum Falls

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On Dec. 18, 2012, the day’s biggest mover was the Indian aluminum cash price, which saw a 3.5 percent decline to INR 114.10 ($2.08) per kilogram. On the LME, the primary aluminum cash price increased 1.5 percent to $2,163 per metric ton. The 3-month price of aluminum weakened by 0.5 percent on the LME, settling at $2,110 per metric ton.

Chinese aluminum prices closed flat for the day. The price of Chinese aluminum scrap held steady at CNY 12,800 ($2,051) per metric ton. The price of Chinese aluminum billet showed little movement on Tuesday at CNY 15,050 ($2,411) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,050 ($2,251) per metric ton. The cash price of Chinese aluminum saw little change in its price yesterday at CNY 15,050 ($2,411) per metric ton.

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