India: Hindalco, Balco cut aluminium ingots prices by up to INR 3,500/t

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Hindalco and Balco have reduced primary aluminium ingots (P1020, 99.7%) prices by up to INR 3,500/t ($43/t) today from 17 Nov’22.
Balco’s prices stand at INR 224,250/t ($2,745/t), while Hindalco’s prices are at INR 220,750/t ($2,702/t) exw, excluding GST.
The price cut was the result of a decrease in LME spot and futures prices by up to $51/t d-o-d.

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