Prices for Cash Price of Primary Indian Aluminum Stay Low

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On Feb. 26, 2013, the day’s biggest mover was the Indian aluminum cash price, which saw a 1.6 percent decline to INR 106.55 ($1.98) per kilogram. The primary aluminum cash price on the LME has been on the decline for 8 days and is now at $2,004 per metric ton. The 3-month price of aluminum on the LME has been on the decline for 8 days and is now at $2,050 per metric ton.

Chinese aluminum prices were mixed for the day. Chinese aluminum billet prices saw a 0.3 percent decline to CNY 14,400 ($2,310) per metric ton. The cash price of Chinese aluminum fell 0.1 percent to CNY 14,500 ($2,326) per metric ton. Chinese aluminum scrap saw little change in its price yesterday at CNY 12,005 ($1,926) per metric ton. The price of Chinese aluminum bar was unchanged at CNY 14,050 ($2,254) per metric ton.