Cash Prices of Aluminum Rise in China, India; LME Weakens

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Rising 1.6 percent, the cash price of primary Indian aluminum experienced the biggest change for Thursday, August 15.

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The cash price of primary aluminum declined 0.2 percent on the LME to $1,835 per metric ton, after two days of improvement. The 3-month price of aluminum closed at $1,883 per metric ton. Following a couple days of improvement, the metal’s price weakened by 0.2 percent on the LME.

Chinese aluminum closed mixed yesterday. The Chinese aluminum cash price increased 0.3 percent. The price of Chinese aluminum scrap was unchanged. Chinese aluminum billet saw little change in its price on Thursday. The price of Chinese aluminum bar held steady.

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