Cash Price of Primary Indian Aluminum Lower

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Metal Prices, Premium

Dropping 1.1 percent, the cash price of primary Indian aluminum was the biggest mover on Thursday, November 21, closing at INR 113.00 ($1.80) per kilogram. The primary aluminum cash price rose by 0.1 percent on the LME to $1,740 per metric ton. The 3-month price of aluminum rose by 0.1 percent on the LME to $1,786 per metric ton after a three-day flat streak.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap was unchanged at CNY 12,740 ($2,091) per metric ton. The price of Chinese aluminum billet remained steady at CNY 14,300 ($2,347) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,200 ($2,331) per metric ton. For the fifth consecutive day, the Chinese aluminum cash price held flat at CNY 14,360 ($2,357) per metric ton.

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