Cash Price of Primary Indian Aluminum Up Again

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The cash price of primary Indian aluminum closed as the biggest mover for Tuesday, June 18. Switching from a downward trend, the metal closed at INR 104.90 ($1.81) per kilogram following a 1.5 percent increase. The primary aluminum cash price weakened by 1.4 percent on the LME, settling at $1,789 per metric ton. On the LME, the aluminum 3-month price declined 1.1 percent to $1,835 per metric ton.

Chinese aluminum closed mixed on Tuesday. Tuesday saw the price of Chinese aluminum billet drift down 1.3 percent to CNY 14,650 ($2,392) per metric ton after three quiet days. The Chinese aluminum cash price saw a 0.9 percent decline to CNY 14,670 ($2,395) per metric ton. The price of Chinese aluminum scrap saw little movement at CNY 13,170 ($2,150) per metric ton. The price of Chinese aluminum bar continues hovering around CNY 14,050 ($2,294) per metric ton for the fifth day in a row.