Cash Price of Primary Indian Aluminum Sees Small Price Drop

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Metal Prices, Premium

On Monday, June 17, the day’s biggest mover was the cash price of primary Indian aluminum, which saw a 1.4 percent decline to INR 103.30 ($1.80) per kilogram. Following a 0.1 percent rise yesterday, the cash price of primary aluminum closed on the LME at $1,815 per metric ton. The 3-month price of aluminum steadied at $1,855 per metric ton following two-days of dropping prices on the LME.

Chinese aluminum prices were mixed for the day. The Chinese aluminum cash price declined 0.9 percent to CNY 14,805 ($2,415) per metric ton. The price of Chinese aluminum scrap saw little movement at CNY 13,170 ($2,148) per metric ton. The price of Chinese aluminum billet remained essentially flat at CNY 14,850 ($2,422) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,050 ($2,292) per metric ton.