Hindalco and Balco, India’s primary producers, reduced aluminium ingot (P1020, 99.7%) prices by up to INR 5,000/t ($59/t) today compared to 7 Nov’24. Post revision, prices stood at INR 253,000 /t ($2,999/t) for Hindalco and INR 254,750 /t ($3,020/t) for Balco. All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME were at $2,636/t.
India: Hindalco, Balco cut aluminium ingot prices by up to INR 5,000/t ($59/t)
Aluminium futures aluminium GST aluminium ingot prices aluminium market news aluminium market update aluminium price $59/t reduction aluminium price reduction aluminium price revision aluminium price trends aluminium prices India BALCO Balco price commodity price update ex-works aluminium prices Hindalco Hindalco price India aluminium market Indian aluminium producers LME ALUMINIUM P1020 aluminium
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