Hindalco has reduced primary aluminium ingots (P1020, 99.7%) prices by INR 1,500/t ($18/t) today against 2 Nov’22. The effective price stands at INR 212,250/t ($2,563/t). The closing price of the spot aluminium on LME stood at $2,227/t on 2 Nov, down $18/t over the previous closing. On contrary, LME stock at registered warehouses was down by 2,925t to 581,050t.
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