India: Balco cuts aluminium ingot prices by INR 1,500/t

  • Balco has decreased primary aluminium ingot (P1020, 99.7%) prices by INR 1,500/t ($19/t) today as against 14 Jul’22. The effective price is INR 217,500/t ($2,729/t).
  • The closing price for the three-month aluminium futures on LME stood at $2,343/t on 15 Jul, largely stable d-o-d, while cash prices decreased by $9/t to $2,320/t d-o-d on the last trading day.

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