Hindalco and Balco, India’s primary producers, reduced aluminium ingot (P1020, 99.7%) prices by INR 3,000/t ($36/t) today, compared to 17 Oct’24. Post-revision, prices stood at INR 250,250/t ($2,976/t) for Hindalco and INR 252,250/t ($3,036/t) for Balco. All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME were at $2,553/t.
India: Hindalco, Balco cut aluminium ingot prices by INR 3,000/t ($36/t)
aluminium futures LME aluminium ingot prices aluminium market update aluminium price increase aluminium price revision aluminium producers India BALCO effective today Ex-works prices GST exclusion Hindalco LME aluminium futures P1020 ingots Price reduction primary aluminium prices revised aluminium prices
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