India: Balco lowers aluminium ingot prices by INR 5,500/t

  • Balco decreased primary aluminium ingots (P1020, 99.7%) prices by INR 5,500/t ($70/t) today as against 9Jun’22. The company’s effective price is INR 245,500/t ($3,140/t).
  • The closing price for the three-month aluminium futures on LME stood at $2,680/t on 10 Jun, down $81/t d-o-d, while cash prices decreased by $57/t to $2,695/t d-o-d yesterday.
  • BALCO’s operations are in Korba, Chhattisgarh, while its bauxite mines are in Kawardha and Mainpat.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *