India: Balco hikes aluminium ingots prices by INR 9,250/t

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Balco has increased aluminium ingots (P1020 grade 99.7%) prices by INR 9,250/t ($115/t) d-o-d on 12 Nov’22. Effective prices stand at INR 227,500/t ($2,824/t). Meanwhile, Hindalco’s prices remained unchanged at INR 213,500/t ($2,650/t).
Balco’s price hike was in line with a $136/t d-o-d rise in three-month contract prices on LME.

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