Cash Price of Primary Indian Aluminum Declines 3.3%

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The cash price of primary Indian aluminum experienced the biggest price decline of the day, dropping 3.3 percent to close at INR 118.60 ($1.79) per kilogram on Tuesday, September 3. The cash price of primary aluminum weakened by 0.6 percent on the LME, settling at $1,764 per metric ton. On the LME, the 3-month price of aluminum declined 0.2 percent to $1,813 per metric ton.

Chinese aluminum prices were mixed for the day. The cash price of Chinese aluminum rose 0.1 percent to CNY 14,320 ($2,340) per metric ton after a two-day drop. The price of Chinese aluminum scrap remained essentially flat at CNY 11,680 ($1,909) per metric ton. The price of Chinese aluminum billet held steady at CNY 14,300 ($2,337) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,200 ($2,320) per metric ton.