India: Balco cuts aluminium ingot prices by INR 2,750/t

Balco has decreased primary aluminium ingot (P1020, 99.7%) prices by INR 2,750/t ($35/t) today as against 6 July. The effective price is at INR 219,250/t ($2,771/t). The closing price for the three-month aluminium futures on LME stood at $2,409/t on 6 July, up slightly by $17/t d-o-d, while cash prices decreased by $16/t to $2,358/t d-o-d on the last trading day.


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