Cash Price of Primary Indian Aluminum 0.7% Lower

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Metal Prices, Premium

On Friday, December 13, the day’s biggest mover was the Indian aluminum cash price, which saw a 0.7 percent decline to INR 111.25 ($1.79) per kilogram. The 3-month price of aluminum changed direction with a 0.6 percent drop. After two days of improving prices, the metal finished at $1,804 per metric ton on the LME. The cash price of primary aluminum declined 0.5 percent on the LME to $1,759 per metric ton, after two days of improvement.

Chinese aluminum prices closed flat for the day. The price of Chinese aluminum scrap held steady at CNY 12,200 ($2,010) per metric ton. The price of Chinese aluminum billet saw little movement at CNY 14,200 ($2,339) 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 ($2,339) per metric ton. The cash price of Chinese aluminum remained essentially flat at CNY 14,330 ($2,360) per metric ton.

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