Cash Price of Primary Indian Aluminum Climbs Up the LME

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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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