Balco has decreased aluminium ingots (P1020 grade 99.7%) prices by INR 6,250/t ($77/t) on 11 Nov’22 as compared to 9 Nov’22. The company’s effective prices stand at INR 218,250/t ($2,701/t). Hindalco too reduced prices today and its effective price is at INR 223,500/t ($2,766/t) exw. The closing of spot prices in LME fell by $66/t yesterday. However, 3-month futures prices remained almost firm.
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