On Wednesday, December 18, the Indian aluminum cash price fell by 0.3 percent, landing at INR 110.70 ($1.79) per kilogram and making it the day’s biggest mover. The cash price of primary aluminum flattened at $1,745 per metric ton after two days of downward movement on the LME. The aluminum 3-month price steadied at $1,790 per metric ton following two-days of dropping prices on the LME.
Chinese aluminum prices closed flat for the day. For the fifth consecutive day, the price of Chinese aluminum scrap held flat at CNY 12,200 ($2,010) per metric ton. The price of Chinese aluminum billet was unchanged at CNY 14,200 ($2,339) per metric ton. The price of Chinese aluminum bar continues hovering around CNY 14,200 ($2,339) per metric ton for the fifth day in a row. The Chinese aluminum cash price held steady at CNY 14,330 ($2,360) per metric ton.