Cash Price of Primary Indian Aluminum Sees Small Jump

by on
Metal Prices, Premium

The cash price of primary Indian aluminum saw the biggest increase at 1.4 percent, finishing at INR 107.35 ($1.79) per kilogram for Thursday, July 11. On the LME, the cash price of primary aluminum rose 1.2 percent to $1,761 per metric ton. On the LME, the 3-month price of aluminum gained 1.0 percent to finish at $1,805 per metric ton.

Chinese aluminum prices were mixed for the day. After a 0.7 percent increase, Chinese aluminum billet finished the day at CNY 14,400 ($2,347) per metric ton. Just off of a 30-day low of CNY 14,430 ($2,352) per metric ton, the Chinese aluminum cash price rose 0.6 percent on Thursday. The price of Chinese aluminum scrap increased 0.3 percent to CNY 12,770 ($2,082) per metric ton. For the fifth consecutive day, the price of Chinese aluminum bar held flat at CNY 14,050 ($2,290) per metric ton.