Cash Price of Primary Indian Aluminum Lower

The day’s biggest mover was the cash price of primary Indian aluminum which dropped by 0.7 percent on Friday, November 22 to close at INR 112.20 ($1.78) per kilogram. On the LME, the aluminum 3-month price declined 0.6 percent to $1,776 per metric ton. On the LME, the cash price of primary aluminum fell 0.5 percent to $1,730 per metric ton.

Chinese aluminum closed mixed last Friday. The price of Chinese aluminum billet fell 0.3 percent to CNY 14,250 ($2,338) per metric ton. The Chinese aluminum cash price saw little movement at CNY 14,350 ($2,355) per metric ton. The price of Chinese aluminum scrap saw essentially no change for the fifth day in a row, remaining around CNY 12,740 ($2,090) per metric ton. The price of Chinese aluminum bar held steady at CNY 14,200 ($2,330) per metric ton.

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