Cash Price of Primary Indian Aluminum Declines 4.0%

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Metal Prices, Premium

The day’s biggest mover was the Indian aluminum cash price which dropped by 4.0 percent on Thursday, October 3 to close at INR 110.55 ($1.78) per kilogram. On the LME, the 3-month price of aluminum fell 0.8 percent to $1,820 per metric ton. On the LME, the cash price of primary aluminum declined 0.7 percent to $1,773 per metric ton.

Chinese aluminum prices were flat for the day. Chinese aluminum scrap stayed flat at around CNY 12,815 ($2,094) per metric ton. The price of Chinese aluminum billet saw essentially no change for the fifth day in a row, remaining around CNY 14,500 ($2,369) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,200 ($2,320) per metric ton. The Chinese aluminum cash price saw little movement on Thursday at CNY 14,640 ($2,392) per metric ton.

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