Cash Price of Primary Indian Aluminum Steady After Fall

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Metal Prices, Premium

Staying around $1,827 per metric ton for the day, the aluminum cash price remained flat on the LME. The 3-month price of aluminum flattened at $1,855 following two-days of declines on the LME. After a couple of days of decreasing prices, the cash price of primary Indian aluminum held steady at INR 99.70 ($1.82).

Chinese aluminum prices were flat for the day. Chinese aluminum scrap held its value on Tuesday at CNY 12,795 ($2,082) per metric ton. Chinese aluminum billet stayed flat at around CNY 14,450 ($2,351) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,050 ($2,286) per metric ton. The cash price of Chinese aluminum remained essentially flat at CNY 14,550 ($2,367) per metric ton.