India: Balco, Hindalco cut aluminium ingot prices by up to INR 4,000/t

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Balco and Hindalco have cut aluminium ingot (P1020 grade 99.7%) prices by up to INR 4,000/t ($49/t) d-o-d on 22 Sep.
After revision, Balco’s effective prices stand at INR 206,500/t ($2,552/t) while Hindalco’s prices are at INR 201,750/t ($2,494/t).
The decrease in spot prices and futures by up to $54/t d-o-d was the reason behind the price cut.

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