Cash Price of Primary Indian Aluminum Up 2.2%

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The cash price of primary Indian aluminum closed as the biggest mover for Jan. 30, 2013. Switching from a downward trend, the metal closed at INR 109.60 ($2.04) per kilogram following a 2.2 percent increase. On the LME, the 3-month price of aluminum fell 0.5 percent to $2,035 per metric ton. On the LME, the primary aluminum cash price declined 0.4 percent to $1,997 per metric ton.

Chinese aluminum closed mixed on Wednesday. The cash price of Chinese aluminum gained 0.3 percent to finish at CNY 14,940 ($2,399) per metric ton. The price of Chinese aluminum scrap continues hovering around CNY 12,730 ($2,044) per metric ton for the fifth day in a row. The price of Chinese aluminum billet remained essentially flat at CNY 14,800 ($2,377) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,050 ($2,256) per metric ton.