Cash Price of Primary Indian Aluminum Declines 3.5%

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Metal Prices, Premium

The cash price of primary Indian aluminum saw the biggest decline of the day, dropping 3.5 percent to close at INR 116.55 ($1.79) per kilogram on Monday, September 9. On the LME, the aluminum 3-month price rose 1.7 percent to $1,829 per metric ton. On the LME, the cash price of primary aluminum gained 1.5 percent to finish at $1,780 per metric ton.

Chinese aluminum prices were mixed for the day. The Chinese aluminum cash price rose 0.4 percent to CNY 14,330 ($2,340) per metric ton. The price of Chinese aluminum scrap held steady at CNY 12,680 ($2,070) per metric ton. Chinese aluminum billet saw little change in its price yesterday at CNY 14,250 ($2,327) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,200 ($2,319) per metric ton.