The cash price of primary Indian aluminum saw a 3.1 percent drop on Wednesday, May 1, making it the biggest mover of the day.
On the LME, the aluminum 3-month price rose 0.3 percent to $1,886 per metric ton. Also on the LME, the primary aluminum cash price held steady around $1,846 per metric ton.
Chinese aluminum prices were flat for the day. The price of Chinese aluminum scrap was unchanged. Chinese aluminum billet held its value on Wednesday. The price of Chinese aluminum bar saw essentially no change for the fifth day in a row. The cash price of Chinese aluminum held steady.