India: Hindalco, balco lowers aluminium ingots prices by INR 7,250/t ($96/t)

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Hindalco and Balco decreased primary aluminium ingots (P1020, 99.7%) prices by INR 7,250/t ($96/t) today, as per reports.
Hindalco’s effective price is at INR 290,250/t ($3,832/t) exw, while Balco’s price stands at INR 293,000/t ($3864/t) exw.
The three-month LME aluminum contract price was recorded at $3,385/t yesterday, down $56/t as against $3,441/t the previous day.

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