Cash Price of Primary Indian Aluminum Rises 2.0%

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Metal Prices, Premium

At INR 112.80 ($1.82) per kilogram, the Indian aluminum cash price moved up 2.0 percent on Friday, October 4, making it the day’s biggest mover. The cash price of primary aluminum is back up, rising by 0.7 percent on the LME last Friday to close at $1,785 per metric ton. Following a 0.7 percent rise last Friday, the 3-month price of aluminum closed on the LME at $1,832 per metric ton.

Chinese aluminum prices were flat for the day. At CNY 12,815 ($2,093) per metric ton, the price of Chinese aluminum scrap was essentially unchanged. The price of Chinese aluminum billet continues hovering around CNY 14,500 ($2,368) per metric ton for the fifth day in a row. The price of Chinese aluminum bar was unchanged at CNY 14,200 ($2,319) per metric ton. For the fifth day in a row, the Chinese aluminum cash price remained essentially flat at CNY 14,640 ($2,391) per metric ton.

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