On Monday, January 6, the day’s biggest mover was the Indian aluminum cash price, which saw a 2.4 percent decline. 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. The price of Chinese aluminum billet saw essentially no change for the fifth day in a row. For the fifth consecutive day, the price of Chinese aluminum bar held flat. For the fifth day in a row, the Chinese aluminum cash price remained essentially flat.