Hindalco and Balco, India’s primary producers, reduced aluminium ingot (P1020, 99.7%) prices by INR 2,250/t ($26/t) today, compared to 12 Nov’24. Post-revision, prices stood at INR 251,750/t ($2,983/t) for Hindalco and INR 253,750/t ($3,007/t) for Balco. All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME were at $2,566/t.
India: Hindalco, Balco cut aluminium ingot prices by INR 2,250/t ($26/t)
aluminium industry India aluminium ingot prices November 2024 aluminium market update aluminium P1020 prices aluminium price drop aluminium price outlook aluminium price revision aluminium price trends BALCO balco aluminium prices ex-works aluminium prices Hindalco Hindalco aluminium prices India aluminium ingot price reduction India aluminium producers LME aluminium futures
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