Cash Price of Primary Indian Aluminum Shifts Up 0.4%

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Metal Prices, Premium

On Wednesday, June 19, the Indian aluminum cash price experienced the biggest change, rising 0.4 percent to INR 105.30 ($1.79) per kilogram. On the LME, the cash price of primary aluminum rose 0.3 percent to $1,795 per metric ton. On the LME, the aluminum 3-month price inched up 0.1 percent to $1,838 per metric ton.

Chinese aluminum prices were mixed for the day. The Chinese aluminum cash price fell 0.1 percent to CNY 14,650 ($2,390) per metric ton. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat at CNY 13,170 ($2,148) per metric ton. The price of Chinese aluminum billet remained steady at CNY 14,650 ($2,390) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,292) per metric ton.