Cash Price of Primary Indian Aluminum Shifts Up 1.4%

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Metal Prices
The Indian aluminum cash price saw a 1.4 percent increase on Friday, January 3, reaching INR 113.60 ($1.82) per kilogram and making it the biggest mover for the day. Declining prices continue for the cash price of primary aluminum on the LME. It closed at $1,755 per metric ton only after falling further, this time by. On the LME, the 3-month price of aluminum declined 0.5 percent to $1,802 per metric ton.

Chinese aluminum prices closed flat for the day. The cash price of Chinese aluminum saw little change in its price last Friday at CNY 14,090 ($2,329) per metric ton. The price of Chinese aluminum scrap remained essentially flat at CNY 12,480 ($2,062) per metric ton. The price of Chinese aluminum billet was unchanged at CNY 14,200 ($2,347) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,200 ($2,347) per metric ton.

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