Cash Price of Primary Indian Aluminum Up After Two-Day Drop

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Metal Prices, Premium

Following a two-day decline, the Indian aluminum cash price climbed up 4.2 percent to end at INR 120.75 ($1.83) per kilogram on Friday, September 6. On the LME, the primary aluminum cash price inched up 0.5 percent to $1,754 per metric ton. On the LME, the aluminum 3-month price rose 0.2 percent to $1,799 per metric ton.

Chinese aluminum prices were mixed for the day. After two changeless days, the cash price of Chinese aluminum fell 0.5 percent to CNY 14,270 ($2,332) per metric ton. After three straight days of no change, the price of Chinese aluminum billet decreased by 0.3 percent to CNY 14,250 ($2,328) per metric ton. The price of Chinese aluminum scrap remained essentially flat at CNY 12,680 ($2,072) per metric ton. The price of Chinese aluminum bar was unchanged at CNY 14,200 ($2,320) per metric ton.