Hindalco and Balco have increased primary aluminium ingot (P1020, 99.7%) prices by up to INR 4,250/t ($54/t) today. Hindalco’s effective price is INR 223,250/t ($2,819/t), while Balco’s price stands at INR 223,500/t ($2,822/t) exw. The closing price for the three-month aluminium futures on LME stood at $2,442/t on 7 Jul’22, up $33/t d-o-d, while cash prices increased by $59/t to $2,417/t.
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