Hindalco has reduced primary aluminium ingots (P1020, 99.7%) prices by INR 2,000/t ($24/t) today against 5 Nov’22. However, Balco’s price remained unchanged at INR 223,250/t ($2,735/t), while Hindalco’s prices are at INR 216,500/t ($2,652/t) exw, excluding GST. The price cut was the result of a decrease in LME spot prices by up to $20/t d-o-d.
Leave a Reply