India: Hindalco, Balco further lower aluminium ingots prices by INR 10,000/t d-o-d

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Hindalco and Balco further decreased primary aluminium ingots (P1020, 99.7%) prices by INR 10,000/t ($129/t) today as against 1 Jun’22. Hindalco’s effective price stands at INR 242,750/t ($3,128/t), while Balco’s price is INR 245,250/t ($3,160/t).
The closing price for the three-month aluminium futures on LME stood at $2,726/t on 1 Jun, down $61/t d-o-d, while cash prices decreased by $115/t to $2,701/t d-o-d yesterday.

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