NALCO has reduced ingot (P1020, 99.7%) prices by INR 4,900/t ($58/t) on 29 Jul’24. The primary players have been decreasing aluminum prices due to a continuous decline in LME aluminium prices. NALCO’s prices are at INR 2,19,200/t ($2,618/t) from INR 2,24,100/t ($2,676/t) on 23 Jul’24. Prices are ex-works and exclude GST. At the time of reporting, aluminium futures on LME stood at $2,237/t.
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