Small Drift for Cash Price of Primary Indian Aluminum

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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.

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