Cash Price of Primary Indian Aluminum Lower

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Metal Prices, Premium

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.

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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.

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