Cash Price of Primary Indian Aluminum Drifts Downwards

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 On Dec. 28, 2012, the day’s biggest mover was the cash price of primary Indian aluminum, which saw a 0.6 percent decline to INR 111.35 ($2.03) per kilogram. Following a quiet couple of days, the 3-month price of aluminum fell 0.5 percent last Friday on the LME to $2,081 per metric ton. On the LME, the primary aluminum cash price saw little change in its price last Friday at $2,043 per metric ton.

Chinese aluminum prices closed flat for the day. The Chinese aluminum cash price saw little movement last Friday at CNY 15,060 ($2,413) per metric ton. For the fifth consecutive day, the price of Chinese aluminum scrap held flat at CNY 12,800 ($2,051) per metric ton. Chinese aluminum billet stayed flat at around CNY 15,050 ($2,412) per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,251) per metric ton.

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