Aluminum Price in India Drops, China Scrap Stays Flat
The day’s biggest mover was the Indian aluminum cash price which dropped by 0.7 percent on Wednesday, September 11.
The 3-month price of aluminum saw a 0.5 percent decline on the LME to $1,808 per metric ton. The cash price of primary aluminum weakened by 0.4 percent on the LME, settling at $1,759 per metric ton.
Chinese aluminum prices were flat for the day. Chinese aluminum scrap saw little change in its price on Wednesday. The price of Chinese aluminum billet was essentially unchanged. For the fifth consecutive day, the price of Chinese aluminum bar held flat. The cash price of Chinese aluminum saw little change in its price yesterday.
Source: Metal Miner