Cash Price of Primary Indian Aluminum Shifts Up 2.8%

On Wednesday, November 13, the day’s biggest mover was the Indian aluminum cash price, which saw a 2.8 percent increase to INR 114.75 ($1.79) per kilogram. The cash price of primary aluminum saw a 0.3 percent decline on the LME to $1,755 per metric ton. On the LME, the 3-month price of aluminum declined 0.1 percent to $1,802 per metric ton.

Chinese aluminum prices closed flat for the day. The cash price of Chinese aluminum held steady around CNY 14,410 ($2,365) per metric ton. The price of Chinese aluminum scrap held steady at CNY 12,250 ($2,011) per metric ton. For the fifth consecutive day, the price of Chinese aluminum billet held flat at CNY 14,400 ($2,363) per metric ton. The price of Chinese aluminum bar continues hovering around CNY 14,200 ($2,331) per metric ton for the fifth day in a row.

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