Cash Price of Primary Indian Aluminum Down

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Metal Prices, Premium

On Thursday, December 26, the day’s biggest mover was the Indian aluminum cash price, which saw a 0.1 percent decline to INR 110.35 ($1.79) per kilogram. Following two days of downward movement, the primary aluminum cash price held steady at $1,709 per metric ton on the LME. The aluminum 3-month price flattened at $1,755 following two-days of declines on the LME.

Chinese aluminum prices were flat for the day. Chinese aluminum scrap saw little change in its price yesterday at CNY 11,770 ($1,937) per metric ton. The price of Chinese aluminum billet was unchanged at CNY 14,200 ($2,337) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,200 ($2,337) per metric ton. After a couple of days of decreasing prices, the cash price of Chinese aluminum held steady at CNY 14,040 ($2,311).

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