Cash Price of Indian Aluminum Changes Direction, China Scrap Falls

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On Tuesday, July 9, the day’s biggest mover was the Indian aluminum cash price, which saw a 4.7 percent decline.

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The cash price of primary aluminum saw a 0.4 percent decline on the LME to $1,736 per metric ton. The 3-month price of aluminum weakened by 0.2 percent on the LME, settling at $1,783 per metric ton.

Chinese aluminum closed mixed on Tuesday. Following a quiet couple of days, the price of Chinese aluminum scrap fell 0.5 percent on Tuesday. Just off of a 30-day low, the Chinese aluminum cash price rose 0.1 percent yesterday. The price of Chinese aluminum billet showed little movement yesterday. The price of Chinese aluminum bar remained essentially flat.

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