Cash Price of Primary Indian Aluminum Sees Small Decrease

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The cash price of primary Indian aluminum saw the biggest decline of the day, dropping 0.5 percent to close at INR 111.00 ($1.80) per kilogram on Tuesday, December 17. The aluminum 3-month price saw a 0.3 percent decline on the LME to $1,790 per metric ton. On the LME, the primary aluminum cash price fell 0.3 percent to $1,745 per metric ton.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap continues hovering around CNY 12,200 ($2,010) per metric ton for the fifth day in a row. For the fifth consecutive day, the price of Chinese aluminum billet held flat at CNY 14,200 ($2,339) per metric ton. The price of Chinese aluminum bar was unchanged at CNY 14,200 ($2,339) per metric ton. The Chinese aluminum cash price held steady around CNY 14,330 ($2,360) per metric ton.

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