With a decline of 0.3 percent to INR 110.10 ($1.77) per kilogram on Monday, December 23, the cash price of primary Indian aluminum recorded the biggest decline of the day. After a 0.2 percent increase, the primary aluminum cash price finished the day on the LME at $1,738 per metric ton. On the LME, the aluminum 3-month price gained 0.2 percent to finish at $1,784 per metric ton.
Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap remained essentially flat at CNY 12,200 ($2,009) per metric ton. The price of Chinese aluminum billet continues hovering around CNY 14,200 ($2,339) per metric ton for the fifth day in a row. The price of Chinese aluminum bar held steady at CNY 14,200 ($2,339) per metric ton. The Chinese aluminum cash price held steady around CNY 14,150 ($2,331) per metric ton.