Cash Price of Primary Indian Aluminum Sees Small Decrease

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Metal Prices, Premium

The Indian aluminum cash price saw a 1.3 percent drop on Friday, July 26, landing at INR 103.75 ($1.76) per kilogram and making it the biggest mover of the day. Following a couple days of improvement, the cash price of primary aluminum weakened by 1.2 percent on the LME. Prices closed at $1,784 per metric ton. Weakening prices followed two days of improvement as the 3-month price of aluminum dropped 1.2 percent on the LME to $1,828 per metric ton.

Chinese aluminum prices were flat for the day. The Chinese aluminum cash price saw little price change last Friday at CNY 14,360 ($2,340) per metric ton. For the fifth day in a row, the price of Chinese aluminum scrap remained essentially flat at CNY 12,080 ($1,969) per metric ton. The price of Chinese aluminum billet remained essentially flat at CNY 14,350 ($2,339) per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,050 ($2,290) per metric ton.