Cash Price Of Primary Indian Aluminum On The Decline

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On Dec. 27, 2012, the day’s biggest mover was the Indian aluminum cash price, which saw a 0.5 percent decline to INR 112.05 ($2.04) per kilogram. The primary aluminum cash price saw little movement on Thursday on the LME, closing out around $2,045 per metric ton. The aluminum 3-month price remained essentially flat on the LME at $2,091 per metric ton.

Chinese aluminum prices were mixed for the day. The Chinese aluminum cash price increased 0.1 percent to CNY 15,050 ($2,413) per metric ton. For the fifth consecutive day, the price of Chinese aluminum scrap held flat at CNY 12,800 ($2,052) per metric ton. Chinese aluminum billet saw little change in its price yesterday at CNY 15,050 ($2,413) per metric ton. The price of Chinese aluminum bar was unchanged at CNY 14,050 ($2,252) per metric ton.

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