Cash Price of Primary Indian Aluminum Hits 30-Day Low

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The cash price of primary Indian aluminum saw the biggest decline of the day, dropping 1.6 percent to close at INR 98.55 ($1.81) per kilogram on April 15, 2013. The cash price of primary aluminum weakened by 0.8 percent on the LME, settling at $1,841 per metric ton. On the LME, the 3-month price of aluminum declined 0.7 percent to $1,876 per metric ton.

Chinese aluminum closed mixed on Monday. The Chinese aluminum cash price saw a 0.6 percent decline to CNY 14,500 ($2,340) per metric ton. The price of Chinese aluminum billet closed Monday at CNY 14,400 ($2,324) per metric ton, halting its two-day flat run with a 0.3 percent decline. The price of Chinese aluminum scrap remained essentially flat at CNY 12,365 ($1,995) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,050 ($2,267) per metric ton.