India: NALCO cuts aluminium ingot prices by INR 8,500/t ($94/t)

• LME aluminium futures decline 3.7% w-o-w
• Domestic P1020 prices fall across India markets

NALCO reduced its primary aluminium ingot (P1020, 99.7%) prices on 13 Jun’26, lowering the benchmark to INR 393,800/t ($4,370/t) from INR 402,300/t ($4,464/t) on 10 Jun’26, reflecting a decline of INR 8,500/t ($94/t) amid weaker global aluminium market trends. The prices are quoted on an ex-works basis and exclude GST.

According to Bigmint’s assessments, P1020 ingot prices in Delhi NCR declined by INR 12,000/t (3%) w-o-w to INR 382,000/t on 12 May’26, from INR 394,000/t on 5 May’26

A major primary producer reported that domestic P1020 aluminium premiums eased to around $290-310/t, tracking declines in LME aluminium and MCX prices.

Meanwhile, benchmark three-month aluminium futures on the London Metal Exchange (LME) declined to $3,532/t on 12 Jun’26, down 3.7% w-o-w from $3,669.5/t recorded on 5 Jun’26.