Cash Price of Primary Indian Aluminum Improves Slightly

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Metal Prices, Premium

The cash price of primary Indian aluminum saw the biggest upwards shift for the day, rising 1.2 percent to close at INR 102.40 ($1.88) per kilogram on 2013-04-10 07:36:05. Weakening prices followed two days of improvement as the primary aluminum cash price dropped 0.4 percent on the LME to $1,858 per metric ton. The 3-month price of aluminum closed at $1,896 per metric ton. Following a couple days of improvement, prices fell by 0.2 percent on the LME.

Chinese aluminum closed mixed on Wednesday. The price of Chinese aluminum scrap fell 0.6 percent yesterday to CNY 12,365 ($1,993) per metric ton. Chinese aluminum billet gained 0.3 percent to finish at CNY 14,450 ($2,329) per metric ton. The cash price of Chinese aluminum inched up 0.1 percent to CNY 14,540 ($2,343) per metric ton. The price of Chinese aluminum bar was unchanged at CNY 14,050 ($2,264) per metric ton.