Low Prices Continue for Cash Price of Primary Indian Aluminum

The Indian aluminum cash price saw the biggest decline of the day, dropping 1.3 percent to close at INR 110.65 ($1.80) per kilogram on Thursday, October 24. The aluminum 3-month price saw a 0.5 percent decline on the LME to $1,869 per metric ton. On the LME, the primary aluminum cash price declined 0.4 percent to $1,821 per metric ton.

Chinese aluminum closed mixed on Thursday. At CNY 14,490 ($2,382), the cash price of Chinese aluminum finished the market day up 0.1 percent per metric ton. At CNY 12,810 ($2,106) per metric ton, the price of Chinese aluminum scrap was essentially unchanged. The price of Chinese aluminum billet held steady at CNY 14,450 ($2,376) per metric ton. The price of Chinese aluminum bar was unchanged at CNY 14,200 ($2,334) per metric ton.

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