Cash Price of Primary Indian Aluminum Sees Small Price Drop

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The Indian aluminum cash price saw the biggest decline of the day, dropping 1.9 percent to close at INR 110.65 ($1.80) per kilogram on Monday, October 7. On the LME, the primary aluminum cash price gained 0.2 percent to finish at $1,789 per metric ton. The 3-month price of aluminum showed little movement yesterday on the LME at $1,831 per metric ton.

Chinese aluminum prices closed flat for the day. The price of Chinese aluminum scrap saw little movement at CNY 12,815 ($2,096) per metric ton. For the fifth day in a row, the price of Chinese aluminum billet remained essentially flat at CNY 14,500 ($2,371) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,200 ($2,322) per metric ton. The Chinese aluminum cash price was unchanged at CNY 14,640 ($2,394) per metric ton.

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