Cash Price of Primary Indian Aluminum Up 1.0%

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Metal Prices, Premium

Weakening prices changed direction when the cash price of primary Indian aluminum rose 1.0 percent on April 5, 2013 to INR 101.25 ($1.84) per kilogram. On the LME, the aluminum 3-month price fell 0.8 percent to $1,862 per metric ton. On the LME, the cash price of primary aluminum declined 0.7 percent to $1,833 per metric ton.

Chinese aluminum prices were flat for the day. Chinese aluminum scrap saw little change in its price last Friday at CNY 12,445 ($2,006) per metric ton. The price of Chinese aluminum billet remained steady at CNY 14,450 ($2,329) per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,265) per metric ton. The cash price of Chinese aluminum held steady last Friday, remaining around CNY 14,430 ($2,326) per metric ton.