Cash Price of Primary Indian Aluminum Lower

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Metal Prices, Premium

On Thursday, July 25, the Indian aluminum cash price fell by 2.1 percent, landing at INR 105.15 ($1.78) per kilogram and making it the day’s biggest mover. On the LME, the cash price of primary aluminum rose 0.3 percent to $1,807 per metric ton. On the LME, the 3-month price of aluminum increased 0.2 percent to $1,850 per metric ton.

Chinese aluminum prices closed flat for the day. The Chinese aluminum cash price held steady around CNY 14,370 ($2,341) per metric ton. For the fifth consecutive day, the price of Chinese aluminum scrap held flat at CNY 12,080 ($1,968) per metric ton. For the fifth day in a row, the price of Chinese aluminum billet remained essentially flat at CNY 14,350 ($2,338) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,050 ($2,289) per metric ton.