Cash Price of Primary Indian Aluminum Sees Small Price Drop

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On March 18, 2013, the day’s biggest mover was the cash price of primary Indian aluminum, which saw a 2.2 percent decline to INR 102.90 ($1.90) per kilogram. On the LME, the 3-month price of aluminum rose 0.3 percent to $1,984 per metric ton. After a 0.3 percent increase, the cash price of primary aluminum finished the day on the LME at $1,943 per metric ton.

Chinese aluminum closed mixed on Monday. After holding steady for the past few days, the price of Chinese aluminum billet fell 0.3 percent, closing at CNY 14,400 ($2,290) per metric ton. Following a quiet couple of days, the cash price of Chinese aluminum fell 0.3 percent yesterday to CNY 14,500 ($2,306) per metric ton. For the fifth consecutive day, the price of Chinese aluminum scrap held flat at CNY 11,625 ($1,849) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,234) per metric ton.