Cash Price of Primary Indian Aluminum Drops 0.9% After Short Rise

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Metal Prices, Premium

Following two days of increases, the cash price of primary Indian aluminum dropped by 0.9 percent to end at INR 104.35 ($1.78) per kilogram on Thursday, June 20. On the LME, the cash price of primary aluminum declined 0.1 percent to $1,792 per metric ton. On the LME, the 3-month price of aluminum saw little movement on Thursday at $1,837 per metric ton.

Chinese aluminum closed mixed on Thursday. The Chinese aluminum cash price fell 0.5 percent to CNY 14,580 ($2,379) per metric ton. The price of Chinese aluminum scrap was unchanged at CNY 13,170 ($2,149) per metric ton. At CNY 14,650 ($2,390) per metric ton, the price of Chinese aluminum billet was essentially unchanged. 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.