Cash Price of Primary Indian Aluminum Falls 4.3%

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The Indian aluminum cash price saw the biggest decline of the day, dropping 4.3 percent to close at INR 110.25 ($1.78) per kilogram 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.

Chinese aluminum closed mixed yesterday. The Chinese aluminum cash price declined 0.8 percent to CNY 14,500 ($2,376) per metric ton. After three essentially changeless days, the price of Chinese aluminum scrap dropped 0.7 percent yesterday to CNY 12,860 ($2,107) per metric ton. The price of Chinese aluminum billet remained essentially flat at CNY 14,600 ($2,392) 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 ($2,327) per metric ton.

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