Cash Price of Primary Indian Aluminum Lower

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Metal Prices, Premium

The day’s biggest mover was the Indian aluminum cash price which dropped by 1.2 percent on March 27, 2013 to close at INR 101.35 ($1.86) per kilogram. The cash price of primary aluminum saw a0.4 percent decline on the LME to $1,890 per metric ton. The aluminum 3-month price weakened by 0.2 percent on the LME, settling at $1,927 per metric ton.

Chinese aluminum closed mixed yesterday. The Chinese aluminum cash price fell 0.1 percent to CNY 14,530 ($2,339) per metric ton. Chinese aluminum scrap stayed flat at around CNY 12,445 ($2,003) per metric ton. The price of Chinese aluminum billet showed little movement yesterday at CNY 14,450 ($2,326) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,262) per metric ton.