Cash Price of Primary Indian Aluminum Improves Slightly

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Metal Prices, Premium

With a 1.5 percent increase over the past day, the Indian aluminum cash price was the biggest mover, closing at INR 109.40 ($1.94) per kilogram on Wednesday, June 5. After a 0.7 percent increase, the primary aluminum cash price finished the day on the LME at $1,902 per metric ton. On the LME, the 3-month price of aluminum rose 0.6 percent to $1,930 per metric ton.

Chinese aluminum closed mixed yesterday. The price of Chinese aluminum billet moved up 0.7 percent, landing at CNY 14,750 ($2,406) per metric ton. The Chinese aluminum cash price inched up 0.1 percent to CNY 14,850 ($2,423) per metric ton. The price of Chinese aluminum scrap showed little movement on Wednesday at CNY 13,170 ($2,149) 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 ($2,292) per metric ton.