Cash Price of Primary Indian Aluminum Down

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Metal Prices, Premium

Dropping 1.0 percent, the cash price of primary Indian aluminum was the biggest mover on Thursday, September 12, closing at INR 111.15 ($1.76) per kilogram. On the LME, the cash price of primary aluminum declined 0.2 percent to $1,756 per metric ton. The 3-month price of aluminum saw a 0.1 percent decline on the LME to $1,805 per metric ton.

Chinese aluminum prices were mixed for the day. The price of Chinese aluminum scrap increased 0.1 percent to CNY 12,695 ($2,075) per metric ton. Chinese aluminum billet held its value yesterday at CNY 14,300 ($2,337) per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,200 ($2,321) per metric ton. The cash price of Chinese aluminum held steady on Thursday, remaining around CNY 14,340 ($2,344) per metric ton.

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