Hindalco and Balco have increased primary aluminium ingot (P1020, 99.7%) prices by up to INR 5,250/t ($66/t) today as against 28Jun’22. Hindalco’s effective price is INR 229,250/t ($2,906/t), while Balco’s price stands at INR 231,500/t ($2,934/t) exw. The closing price for the three-month aluminium futures on LME stood at $2,491/t on 28 Jun, up 33/t d-o-d, while cash prices increased by $47/t to $2,500/t.
Leave a Reply