Cash Price of Primary Indian Aluminum Sees Small Jump

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Metal Prices, Premium

The Indian aluminum cash price saw the biggest increase at 1.2 percent, finishing at INR 114.35 ($1.83) per kilogram for Thursday, November 7. Following a 1.0 percent rise on Thursday, the 3-month price of aluminum closed on the LME at $1,830 per metric ton. After falling for two days, the primary aluminum cash price rose 1.0 percent on the LME to $1,784 per metric ton.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap was unchanged at CNY 12,810 ($2,102) per metric ton. Chinese aluminum billet stayed flat at around CNY 14,400 ($2,363) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,200 ($2,331) per metric ton. The Chinese aluminum cash price showed little movement on Thursday, hovering around CNY 14,440 ($2,370) per metric ton.

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