India: Balco, Hindalco reduce aluminium ingot prices by INR 3,250/t ($39/t)

India’s primary producers have decreased aluminium ingot (P1020, 99.7%) prices by INR 3,250/t ($39/t) d-o-d. Balco’s prices are at INR 241,250/t ($2,888/t) and Hindalco’s at INR 240,250/t ($2,876/t). All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on LME stood at $2,485/t.