India: Hindalco cuts aluminium ingot prices by INR 3,500/t

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Hindalco has decreased primary aluminium ingot (P1020, 99.7%) prices by INR 3,500/t ($44/t) today as against 8 Jul’22. The effective price is at INR 219,750/t ($2,759/t).
The closing price for the three-month aluminium futures on LME stood at $2,360/t on 12 Jul, down $77/t d-o-d, while cash prices decreased by $42/t to $2,358/t d-o-d on the last trading day.

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