Small Drift for Cash Price of Primary Indian Aluminum

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Metal Prices, Premium

Dropping 1.8 percent, the cash price of primary Indian aluminum was the biggest mover on Monday, November 18, closing at INR 112.55 ($1.79) per kilogram. The primary aluminum cash price saw a 0.1 percent decline on the LME to $1,738 per metric ton. After a couple of days of decreasing prices on the LME, the aluminum 3-month price held steady at $1,785.

Chinese aluminum prices closed flat for the day. Chinese aluminum scrap held its value yesterday at CNY 12,740 ($2,091) per metric ton. The price of Chinese aluminum billet showed little movement yesterday at CNY 14,350 ($2,355) 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. The Chinese aluminum cash price held steady yesterday, remaining around CNY 14,380 ($2,360) per metric ton.

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