Cash Price of Primary Indian Aluminum 1.6% Lower

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The cash price of primary Indian aluminum fell 1.6 percent on Tuesday, October 1 to INR 111.35 ($1.78) per kilogram, making it the day’s biggest mover. On the LME, the aluminum 3-month price inched up 0.8 percent to $1,849 per metric ton. On the LME, the primary aluminum cash price increased 0.8 percent to $1,803 per metric ton.

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Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap remained steady at CNY 12,815 ($2,094) per metric ton. The price of Chinese aluminum billet held steady at CNY 14,500 ($2,369) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,200 ($2,320) per metric ton. The Chinese aluminum cash price showed little movement on Tuesday at CNY 14,640 ($2,392) per metric ton.

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