Cash Price of Primary Indian Aluminum Shifts Up 2.0%

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The Indian aluminum cash price saw the biggest increase at 2.0 percent, finishing at INR 113.60 ($1.79) per kilogram for Monday, September 16. The 3-month price of aluminum is back up, rising by 0.2 percent on the LME yesterday to close at $1,795 per metric ton. After dropping for two days on the LME, the primary aluminum cash price flattened at $1,746.

Chinese aluminum closed mixed on Monday. The cash price of Chinese aluminum increased 0.3 percent to CNY 14,420 ($2,356) per metric ton. The price of Chinese aluminum scrap remained essentially flat at CNY 12,695 ($2,075) per metric ton. The price of Chinese aluminum billet remained steady at CNY 14,350 ($2,345) per metric ton. The price of Chinese aluminum bar was unchanged at CNY 14,200 ($2,320) per metric ton.

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