Cash Price of Primary Indian Aluminum Drops 3.1%

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On Jan. 15, 2013, the day’s biggest mover was the Indian aluminum cash price, which saw a 3.1 percent decline to INR 109.20 ($2.00) per kilogram. The cash price of primary aluminum closed at $2,062 per metric ton. Following a couple days of improvement, prices fell by 0.7 percent on the LME. The aluminum 3-month price closed at $2,102 per metric ton. Following a couple days of improvement, the metal’s price weakened by 0.7 percent on the LME.

Chinese aluminum closed mixed on Tuesday. After remaining flat for three days, the price of Chinese aluminum billet fell 0.7 percent yesterday to CNY 14,950 ($2,402) per metric ton. The Chinese aluminum cash price fell 0.6 percent to CNY 14,950 ($2,402) per metric ton. The price of Chinese aluminum scrap held steady at CNY 12,800 ($2,057) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,258) per metric ton.

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