Cash Price of Primary Indian Aluminum Falls 4.3%

The Indian aluminum cash price saw the biggest decline of the day, dropping 4.3 percent to close on Wednesday, October 16. On the LME, the aluminum 3-month price fell 1.0 percent to $1,854 per metric ton. The primary aluminum cash price weakened by 0.9 percent on the LME, settling at $1,805 per metric ton.

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Chinese aluminum closed mixed yesterday. The Chinese aluminum cash price declined 0.8 percent. After three essentially changeless days, the price of Chinese aluminum scrap dropped 0.7 percent yesterday. The price of Chinese aluminum billet remained essentially flat. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row.

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