Cash Price of Primary Indian Aluminum Improves 2.5%

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Metal Prices, Premium

The cash price of primary Indian aluminum saw the biggest upwards shift for the day, rising 2.5 percent to close at INR 104.70 ($1.93) per kilogram on Thursday, May 9. On the LME, the cash price of primary aluminum gained 2.5 percent to finish at $1,886 per metric ton. After a 2.0 percent increase, the 3-month price of aluminum finished the day on the LME at $1,913 per metric ton.

Chinese aluminum prices were mixed for the day. Chinese aluminum scrap gained 0.2 percent to finish at CNY 12,905 ($2,103) per metric ton. At CNY 14,530 ($2,368), the cash price of Chinese aluminum finished the market day up 0.1 percent per metric ton. The price of Chinese aluminum billet held steady at CNY 14,400 ($2,347) 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 ($2,290) per metric ton.