India: Balco cuts aluminium ingots prices sharply by INR 6,500/t ($82/t)

Balco has decreased primary aluminium ingots (P1020, 99.7%) prices by INR 6,500/t ($82/t) today against 13 Aug. The effective price stands at INR 223,000/t ($2,806/t). The closing price of the three-month aluminium futures on LME stood at $2,420/t on 15 Aug, up slightly by 1.23% d-o-d.


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