Cash Price of Primary Indian Aluminum Shifts Up 0.7%

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Rising 0.7 percent to close at INR 111.45 ($2.08) per kilogram, the Indian aluminum cash price experienced the biggest change for Feb. 11, 2013. On the LME, the primary aluminum cash price held steady around $2,066 per metric ton. On the LME, the aluminum 3-month price showed little movement on Monday, hovering around $2,105 per metric ton.

Chinese aluminum prices closed flat for the day. For the fifth consecutive day, the price of Chinese aluminum scrap held flat at CNY 12,650 ($2,023) per metric ton. For the fifth day in a row, the price of Chinese aluminum billet remained essentially flat at CNY 14,850 ($2,375) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,247) per metric ton. The Chinese aluminum cash price held steady yesterday, remaining around CNY 14,880 ($2,380) per metric ton.