Cash Price of Primary Indian Aluminum Decline After Improvement

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Metal Prices, Premium

The cash price of primary Indian aluminum fell 3.2 percent on Friday, November 8 to INR 110.70 ($1.76) per kilogram, making it the day’s biggest mover. The aluminum 3-month price saw a 0.5 percent decline on the LME to $1,820 per metric ton. On the LME, the primary aluminum cash price fell 0.5 percent to $1,776 per metric ton.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap saw little movement at CNY 12,810 ($2,103) per metric ton. The price of Chinese aluminum billet held steady at CNY 14,400 ($2,364) per metric ton. The price of Chinese aluminum bar was unchanged at CNY 14,200 ($2,331) per metric ton. The cash price of Chinese aluminum remained essentially flat at CNY 14,440 ($2,370) per metric ton.

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