Hindalco and Balco, India’s primary producers, reduced aluminium ingot (P1020, 99.7%) prices by up to INR 2,250/t ($26/t) today, compared to 26 Nov’24. Post-revision, prices stood at INR 257,000/t ($3,042/t) for Hindalco and INR 259,000/t ($3,066/t) for Balco. All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME were at $2,618/t.
India: Hindalco, Balco cut aluminium ingot prices by up to INR 2,250/t ($26/t)
aluminium demand Aluminium futures aluminium industry aluminium ingot prices aluminium market update aluminium price reduction aluminium price trend Aluminium Production aluminium supply BALCO Balco pricing commodity market trends Ex-works prices GST exclusion Hindalco Hindalco pricing India aluminium market Indian metal prices LME ALUMINIUM metal price revision metals trading P1020 prices
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