Cash Price of Primary Indian Aluminum Drifts Downwards

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Metal Prices, Premium

Dropping 1.1 percent, the cash price of primary Indian aluminum was the biggest mover on Monday, November 25, closing at INR 111.00 ($1.76) per kilogram. On the LME, the 3-month price of aluminum increased 1.0 percent to $1,794 per metric ton. On the LME, the cash price of primary aluminum gained 0.9 percent to finish at $1,746 per metric ton.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap remained essentially flat at CNY 12,740 ($2,090) per metric ton. The price of Chinese aluminum billet held steady at CNY 14,250 ($2,338) per metric ton. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row, remaining around CNY 14,200 ($2,330) per metric ton. The Chinese aluminum cash price was unchanged at CNY 14,350 ($2,355) per metric ton.

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