India: Hindalco, Balco hike aluminium ingots prices by INR 3,250/t ($43/t)

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Hindalco and Balco have increased primary aluminium ingots (P1020, 99.7%) prices by INR 3,250/t ($43/t) today, as per reports.
Hindalco’s effective price is at INR 297,500/t ($3,922/t), while Balco’s price is at INR 300,250/t ($3,958/t) exw.
However, the three-month LME aluminum contract price was recorded at $3,441/t yesterday, down $24/t as against $3,465/t on the previous trading day.

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