Hindalco and Balco, India’s leading aluminium producers, reduced aluminium ingot (P1020, 99.7%) prices by up to INR 2,000/t ($23/t) today compared to 25 Jan’25. Post-revision, Balco’s prices stood at INR 269,750/t ($3,117/t), down INR 2,000/t ($23/t), and Hindalco’s at INR 268,250/t ($3,100/t), down INR 1,750/t ($20/t). All prices are ex-works, excluding GST. At the time of reporting, aluminium futures on the LME were at $2,593/t.
India: Hindalco, Balco cut aluminium ingot prices by up to INR 2,000/t ($23/t)
$23/t 000 t 25 Jan’25 Aluminium futures aluminium ingot prices aluminium market news aluminium market update aluminium price drop aluminium price revision aluminium price trends BALCO balco aluminium Ex-works prices GST exclusion Hindalco Hindalco aluminium India aluminium producers INR 2 LME ALUMINIUM LME aluminium futures P1020
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