Cash Price of Primary Indian Aluminum Sees Small Decrease

The cash price of primary Indian aluminum saw the biggest decline of the day, dropping 1.0 percent to close at INR 108.95 ($1.77) per kilogram on Monday, January 13. On the LME, the cash price of primary aluminum rose 0.2 percent to $1,716 per metric ton. On the LME, the 3-month price of aluminum gained 0.2 percent to finish at $1,760 per metric ton.

Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap showed little movement yesterday at CNY 12,350 ($2,041) per metric ton. The price of Chinese aluminum billet remained essentially flat at CNY 14,200 ($2,347) per metric ton. The price of Chinese aluminum bar continues hovering around CNY 14,200 ($2,347) per metric ton for the fifth day in a row. The cash price of Chinese aluminum showed little movement yesterday at CNY 13,940 ($2,304) per metric ton.

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