Cash Price of Primary Indian Aluminum Sees Small Decrease

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Metal Prices
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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