Following a two-day decline on the LME, the cash price of primary aluminum climbed up 3.1 percent on Wednesday, April 17.
After falling for two days, the 3-month price of aluminum rose 2.7 percent on the LME to $1,892 per metric ton. The Indian aluminum cash price weakened by 1.0 percent, settling at INR 100.10 ($1.85) per kilogram.
Chinese aluminum closed mixed yesterday. Following a 0.4 percent rise yesterday, the cash price of Chinese aluminum closed on the up and up. The price of Chinese aluminum billet rose 0.3 percent after a two-day drop. The price of Chinese aluminum scrap showed little movement yesterday. The price of Chinese aluminum bar continues hovering in place for the fifth day in a row.