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 increase at 1.1 percent, finishing at INR 101.20 ($1.87) per kilogram for Thursday, April 18. The cash price of primary aluminum weakened by 0.3 percent on the LME, settling at $1,855 per metric ton. On the LME, the aluminum 3-month price declined 0.3 percent to $1,887 per metric ton.

Chinese aluminum prices were mixed for the day. Chinese aluminum billet finished the day down 0.7 percent to CNY 14,300 ($2,316) per metric ton. The cash price of Chinese aluminum fell 0.6 percent to CNY 14,400 ($2,332) per metric ton. Chinese aluminum scrap held its value on Thursday at CNY 12,845 ($2,080) per metric ton. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row, remaining around CNY 14,050 ($2,275) per metric ton.