Cash Price of Primary Indian Aluminum Drifts Downwards

The Indian aluminum cash price saw a 0.6 percent drop on Thursday, January 9, landing at INR 110.25 ($1.77) per kilogram and making it the biggest mover of the day. On the LME, the cash price of primary aluminum gained 0.2 percent to finish at $1,736 per metric ton. After a 0.1 percent increase, the aluminum 3-month price finished the day on the LME at $1,782 per metric ton.

Chinese aluminum prices closed flat for the day. After dropping for two days, the Chinese aluminum cash price flattened at CNY 13,975 ($2,309). After a couple of days of decreasing prices, the price of Chinese aluminum scrap held steady at CNY 12,350 ($2,041). The price of Chinese aluminum billet was unchanged at CNY 14,200 ($2,346) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,200 ($2,346) per metric ton.

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