Cash Price of Primary Indian Aluminum Increases Significantly

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Metal Prices, Premium

On Monday, October 28, the Indian aluminum cash price experienced the biggest change, rising 3.1 percent to INR 114.75 ($1.87) per kilogram. The aluminum 3-month price is back up, rising by 0.4 percent on the LME on Monday to close at $1,855 per metric ton. Following a two-day drop, the primary aluminum cash price increased by 0.3 percent on the LME to $1,807 per metric ton.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap remained steady at CNY 12,810 ($2,105) per metric ton. The price of Chinese aluminum billet showed little movement on Monday at CNY 14,450 ($2,375) per metric ton. The price of Chinese aluminum bar remained essentially flat at CNY 14,200 ($2,334) per metric ton. The Chinese aluminum cash price saw little change in its price yesterday at CNY 14,500 ($2,383) per metric ton.

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