India’s primary producers increased aluminium ingot (P1020, 99.7%) prices by up to INR 1,750/t ($21/t) on 11 Oct’24, compared to 10 Oct. Post-revision, Hindalco’s prices were at INR 252,250/t ($3,000/t), up by INR 1,750/t ($21/t), and Balco’s were at INR 254,250/t ($3,024/t), up INR 1,750/t ($21/t). All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME stood at $2,615/t.
India: Hindalco, Balco raise aluminium ingot prices by INR 1,750/t ($21/t)
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