Cash Price of Primary Indian Aluminum Falls 3.0%

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Metal Prices, Premium

The day’s biggest mover was the cash price of primary Indian aluminum which dropped by 3.0 percent on Tuesday, September 10 to close at INR 113.00 ($1.75) per kilogram. The cash price of primary aluminum closed at $1,767 per metric ton. Following a couple days of improvement, prices fell by 0.8 percent on the LME. The aluminum 3-month price changed direction with a 0.7 percent drop. After two days of improving prices, the metal finished at $1,816 per metric ton on the LME.

Chinese aluminum closed mixed on Tuesday. Chinese aluminum billet saw its price rise 0.4 percent to CNY 14,300 ($2,337) per metric ton. The cash price of Chinese aluminum showed little movement yesterday, hovering around CNY 14,340 ($2,343) per metric ton. At CNY 12,680 ($2,072) per metric ton, the price of Chinese aluminum scrap was essentially unchanged. The price of Chinese aluminum bar remained essentially flat at CNY 14,200 ($2,320) per metric ton.