Cash Price of Primary Indian Aluminum Increases Again, Up by 5.7%

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The Indian aluminum cash price closed as the biggest mover for Wednesday, November 20. Switching from a downward trend, the metal closed following a 5.7 percent increase. Today marks the fifth day in a row of increases for the primary aluminum cash price on the LME, prices settled at $1,738 per metric ton. On the LME, the aluminum 3-month price saw little change in its price on Wednesday at $1,784 per metric ton.

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Chinese aluminum prices were mixed for the day. After three essentially changeless days, the price of Chinese aluminum billet dropped 0.3 percent yesterday. The Chinese aluminum cash price remained essentially flat. The price of Chinese aluminum scrap showed little movement yesterday. For the fifth consecutive day, the price of Chinese aluminum bar held flat.