Cash Price of Primary Indian Aluminum Up

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Metal Prices, Premium

On Tuesday, October 8, the Indian aluminum cash price experienced the biggest change, rising 3.1 percent to INR 114.10 ($1.85) per kilogram. On the LME, the aluminum 3-month price increased 0.3 percent to $1,837 per metric ton. The cash price of primary aluminum steadied at $1,791 per metric ton following two-days of increases on the LME.

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

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