Cash Price of Primary Indian Aluminum Changes Direction

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The cash price of primary Indian aluminum fell 1.2 percent on Feb. 6, 2013 to INR 109.30 ($2.06) per kilogram, making it the day’s biggest mover. On the LME, the primary aluminum cash price declined 0.2 percent to $2,074 per metric ton. On the LME, the aluminum 3-month price held steady around $2,116 per metric ton.

Chinese aluminum prices were mixed for the day. The cash price of Chinese aluminum weakened by 0.1 percent, settling at CNY 14,880 ($2,389) per metric ton. Chinese aluminum scrap saw little change in its price yesterday at CNY 12,650 ($2,031) per metric ton. The price of Chinese aluminum billet held steady at CNY 14,850 ($2,384) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,050 ($2,256) per metric ton.