Cash Price of Primary Indian Aluminum Sees Small Decrease

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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