Cash Price of Primary Indian Aluminum 3.5% Lower

Following two days of increases, the Indian aluminum cash price dropped by 3.5 percent to end at INR 109.65 ($1.73) per kilogram on Tuesday, September 17. The cash price of primary aluminum weakened by 0.7 percent on the LME, settling at $1,734 per metric ton. On the LME, the 3-month price of aluminum fell 0.6 percent to $1,785 per metric ton.

Chinese aluminum closed mixed on Tuesday. The price of Chinese aluminum scrap rose by 0.4 percent to CNY 12,750 ($2,083) per metric ton. After a couple of days of improving prices, the cash price of Chinese aluminum held steady at CNY 14,425 ($2,357). Chinese aluminum billet held its value yesterday 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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