Hindalco and Balco, India’s leading aluminium producers, reduced aluminium ingot (P1020, 99.7%) prices by up to INR 2,000/t ($23/t) today compared to 27 Nov’24. Post-revision, Balco’s prices stood at INR 257,000/t ($3,038/t), down INR 2,000/t ($23/t), and Hindalco’s at INR 255,250/t ($3,017/t), down INR 1,750/t ($20/t). All prices are ex-works, excluding GST. At the time of reporting, aluminium futures on the LME were at $2,599/t.
India: Hindalco, Balco cut aluminium ingot prices by up to INR 2,000/t ($23/t)
aluminium cost reduction aluminium demand aluminium industry aluminium ingot prices aluminium market aluminium price drop aluminium price revision Aluminium prices aluminium trading BALCO balco prices Ex-works prices GST excluded Hindalco hindalco prices India aluminium producers Indian aluminium market LME aluminium futures LME pricing P1020 aluminium
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