Cash Price of Primary Indian Aluminum Sees Small Price Drop

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Metal Prices, Premium

On Wednesday, November 27, the cash price of primary Indian aluminum fell by 1.7 percent, landing at INR 109.90 ($1.76) per kilogram and making it the day’s biggest mover. On the LME, the aluminum 3-month price gained 0.3 percent to finish at $1,781 per metric ton. The cash price of primary aluminum saw little movement on Wednesday on the LME, closing out around $1,734 per metric ton.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap remained essentially flat at CNY 12,740 ($2,091) per metric ton. The price of Chinese aluminum billet remained essentially flat at CNY 14,250 ($2,339) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,200 ($2,331) per metric ton. The cash price of Chinese aluminum showed little movement yesterday, hovering around CNY 14,330 ($2,352) per metric ton.

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