Cash Price of Primary Indian Aluminum Lower

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Dropping 1.8 percent, the Indian aluminum cash price was the biggest mover on March 11, 2013, closing at INR 102.90 ($1.89) per kilogram. After falling for two days, the cash price of primary aluminum rose 0.9 percent on the LME to $1,926 per metric ton. The 3-month price of aluminum is back up, rising by 0.7 percent on the LME yesterday to close at $1,968 per metric ton.

Chinese aluminum prices closed flat for the day. After a couple of days of improving prices, the Chinese aluminum cash price held steady at CNY 14,540 ($2,318). The price of Chinese aluminum scrap remained essentially flat at CNY 11,625 ($1,853) per metric ton. The price of Chinese aluminum billet flattened at CNY 14,450 ($2,304) after two days of improvement. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,240) per metric ton.