On Tuesday, October 15, the cash price of primary aluminum fell by 0.4 percent on the LME, landing at $1,822 per metric ton and making it the day’s biggest mover. The cash price of primary Indian aluminum declined 0.3 percent to INR 115.20 ($1.87) per kilogram. On the LME, the 3-month price of aluminum showed little movement yesterday, hovering around $1,874 per metric ton.
Chinese aluminum prices closed flat for the day. The cash price of Chinese aluminum saw little change in its price yesterday at CNY 14,610 ($2,392) per metric ton. The price of Chinese aluminum scrap remained essentially flat at CNY 12,955 ($2,121) per metric ton. The price of Chinese aluminum billet remained steady at CNY 14,600 ($2,391) per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,200 ($2,325) per metric ton.