Small Drift for Cash Price of Primary Indian Aluminum

The day’s biggest mover was the cash price of primary Indian aluminum which dropped by 0.9 percent on Jan. 17, 2013 to close at INR 109.40 ($2.00) per kilogram. The cash price of primary aluminum saw a 0.6 percent decline on the LME to $1,990 per metric ton. The aluminum 3-month price weakened by 0.4 percent on the LME, settling at $2,032 per metric ton.

Chinese aluminum prices were mixed for the day. Chinese aluminum billet prices saw a 0.3 percent decline to CNY 14,850 ($2,387) per metric ton. The Chinese aluminum cash price fell 0.3 percent to CNY 14,940 ($2,402) per metric ton. The price of Chinese aluminum scrap saw little movement at CNY 12,800 ($2,058) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,050 ($2,259) per metric ton.