Cash Price of Primary Indian Aluminum Sees Small Decrease

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The day’s biggest mover was the Indian aluminum cash price which dropped by 1.5 percent on Jan. 28, 2013 to close at INR 108.30 ($2.01) per kilogram. On the LME, the cash price of primary aluminum rose 0.8 percent to $2,042 per metric ton. On the LME, the aluminum 3-month price rose 0.5 percent to $2,075 per metric ton.

Chinese aluminum closed mixed yesterday. The cash price of Chinese aluminum weakened by 0.1 percent, settling at CNY 14,905 ($2,396) per metric ton. The price of Chinese aluminum scrap continues hovering around CNY 12,730 ($2,046) per metric ton for the fifth day in a row. The price of Chinese aluminum billet remained essentially flat at CNY 14,850 ($2,387) per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,259) per metric ton.