India: Hindalco, Balco lower aluminium ingots prices by INR 3,000/t ($40/t)

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Hindalco and Balco have reduced primary aluminium ingots (P1020, 99.7%) prices by INR 3,000/t ($40/t) d-o-d.
Hindalco’s and Balco’s effective prices are at INR 294,250/t ($3,891/t) and INR 297,000/t ($3,927/t) exw respectively.
The three-month LME aluminum contract price on 5 Apr’22 was recorded at $3,465/t, up 0.52% as against $3,447/t on the previous trading day.

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