Cash Price of Primary Indian Aluminum Climbs Up the LME

The Indian aluminum cash price saw the biggest upwards shift for the day, rising 3.5 percent to close at INR 113.00 ($1.83) per kilogram on Wednesday, November 6. On the LME, the primary aluminum cash price declined 1.1 percent to $1,767 per metric ton. The 3-month price of aluminum weakened by 1.0 percent on the LME, settling at $1,813 per metric ton.

Chinese aluminum closed mixed yesterday. The price of Chinese aluminum billet fell 0.3 percent yesterday to CNY 14,400 ($2,361) per metric ton after three straight days with no change. The price of Chinese aluminum scrap held steady at CNY 12,810 ($2,100) per metric ton. For the fifth day in a row, the price of Chinese aluminum bar remained essentially flat at CNY 14,200 ($2,328) per metric ton. The Chinese aluminum cash price held steady around CNY 14,440 ($2,368) per metric ton.

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