Cash Price of Primary Indian Aluminum Sees Small Decrease

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Metal Prices
The day’s biggest mover was the cash price of primary Indian aluminum which dropped by 1.8 percent on Tuesday, January 14 to close at INR 106.95 ($1.74) per kilogram. At $1,762, the aluminum 3-month price finished the market day on the LME up 0.1 percent per metric ton. On the LME, the primary aluminum cash price showed little movement on Tuesday, hovering around $1,716 per metric ton.

Chinese aluminum prices were flat for the day. Chinese aluminum scrap held its value yesterday at CNY 12,350 ($2,044) per metric ton. The price of Chinese aluminum billet held steady at CNY 14,200 ($2,350) per metric ton. The price of Chinese aluminum bar saw little movement at CNY 14,200 ($2,350) per metric ton. The Chinese aluminum cash price saw little price change yesterday at CNY 13,940 ($2,307) per metric ton.

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