Cash Price of Primary Indian Aluminum Drifts Downwards

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The cash price of primary Indian aluminum saw a 1.2 percent drop on April 11, 2013, landing at INR 101.20 ($1.86) per kilogram and making it the biggest mover of the day. On the LME, the cash price of primary aluminum rose 1.0 percent to $1,878 per metric ton. On the LME, the aluminum 3-month price gained 0.9 percent to finish at $1,913 per metric ton.

Chinese aluminum closed mixed on Thursday. At CNY 14,610 ($2,358), the Chinese aluminum cash price finished the market day up 0.5 percent per metric ton. The price of Chinese aluminum scrap held steady at CNY 12,365 ($1,995) per metric ton. Following a two-day rise, the price of Chinese aluminum billet flattened at CNY 14,450 ($2,332). For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,050 ($2,267) per metric ton.