Cash Price of Primary Indian Aluminum Sees Decline
On Friday, October 11, the day’s biggest mover was the cash price of primary Indian aluminum, which saw a 1.2 percent decline. The cash price of primary aluminum steadied at $1,839 per metric ton following two-days of increases on the LME. Following a two-day rise on the LME, the aluminum 3-month price flattened at $1,887.
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Chinese aluminum prices were mixed for the day. The cash price of Chinese aluminum inched up 0.3 percent. Chinese aluminum scrap saw little change in its price last Friday. The price of Chinese aluminum billet showed little movement last Friday. For the fifth consecutive day, the price of Chinese aluminum bar held flat.
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