The cash price of primary Indian aluminum saw the biggest decline of the day, dropping 2.3 percent on Friday, August 23.
After a 0.3 percent increase, the cash price of primary aluminum finished the day on the LME at $1,857 per metric ton. Following a 0.1 percent rise last Friday, the aluminum 3-month price closed on the LME at $1,904 per metric ton.
Chinese aluminum prices were mixed for the day. The price of Chinese aluminum scrap finished the day with a 1.1 percent increase. The cash price of Chinese aluminum saw little movement last Friday. Chinese aluminum billet held its value last Friday. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat.