Cash Price of Primary Indian Aluminum Lower

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Metal Prices
On Monday, January 6, the day’s biggest mover was the Indian aluminum cash price, which saw a 2.4 percent decline to INR 110.85 ($1.78) per kilogram. The cash price of primary aluminum continues its trend downwards. Finishing the day at $1,738 per metric ton, it dropped 1.0 percent on the LME. The aluminum 3-month price saw a 0.9 percent decline on the LME to $1,786 per metric ton.

Chinese aluminum closed mixed yesterday. The price of Chinese aluminum scrap fell 0.2 percent to CNY 12,450 ($2,058) per metric ton. The price of Chinese aluminum billet saw essentially no change for the fifth day in a row, remaining around 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. For the fifth day in a row, the Chinese aluminum cash price remained essentially flat at CNY 14,090 ($2,329) per metric ton.

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