LME Aluminum Holds Steady, But India and China Prices Down

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The cash price of primary Indian aluminum saw a 1.6 percent drop on Oct. 12, 2012, making it the biggest mover of the day on MetalMiner’s aluminum price index.

On the LME, the cash price of primary aluminum held steady around $1,992 per metric ton. On the LME, the aluminum 3-month price saw little change in its price last Friday at $2,019 per metric ton.

Chinese aluminum closed mixed last Friday.

Chinese aluminum billet fell 0.3 percent last Friday. The Chinese aluminum cash price has been on the decline for 7 days and is now below $2,450 per metric ton.

The price of Chinese aluminum scrap continues hovering in place for the fifth day in a row. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row as well.

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