Cash Price of Primary Indian Aluminum Lower

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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.

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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.

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