Cash Price of Primary Indian Aluminum Sees Small Jump

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Metal Prices, Premium

On March 22, 2013, the day’s biggest mover was the Indian aluminum cash price, which saw a 0.3 percent increase to INR 103.55 ($1.91) per kilogram. On the LME, the aluminum 3-month price declined 0.3 percent to $1,936 per metric ton. The primary aluminum cash price changed direction with a 0.2 percent drop. After two days of improving prices, the metal finished at $1,901 per metric ton on the LME.

Chinese aluminum closed mixed last Friday. The cash price of Chinese aluminum closed at CNY 14,540 ($2,340) per metric ton. Following a couple days of improvement, the metal’s price weakened by 0.1 percent. The price of Chinese aluminum scrap held steady at CNY 11,625 ($1,871) per metric ton. At CNY 14,500 ($2,334) per metric ton, the price of Chinese aluminum billet was essentially unchanged. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row, remaining around CNY 14,050 ($2,261) per metric ton.