Hindalco and balco has decreased primary aluminium ingot (P1020, 99.7%) prices by INR 5,000/t ($64/t) on 23 Jun’22 as against 22 Jun. The Hindalco’s effective price is INR 224,000/t ($2,862/t), while Balco’s price is at INR 226,500/t (2,894/t) exw. The closing price for the three-month aluminium futures on LME stood at $2,479/t on 22 Jun, down $54/t d-o-d, while cash prices decreased by $64/t to $2,455/t d-o-d on the last trading day.
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