India: Hindalco, Balco cut aluminium ingot prices by up to INR 7,750/t ($92/t)

India’s primary producers reduced aluminium ingot (P1020, 99.7%) prices by up to INR 7,750/t ($92/t) today compared to 5 Oct’24. Hindalco’s prices were at INR 254,000/t ($3,025/t), down by INR 5,500/t ($65/t). Balco’s prices were reduced by INR 7,750/t ($92/t) to INR 256,000/t ($3,049/t). All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME stood at $2,565/t.