India: Hindalco, Balco lowers aluminium ingots prices by INR 1,750/t

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Hindalco and Balco has reduced primary aluminium ingots (P1020, 99.7%) prices by INR 1,750/t ($21/t) today from 16 Nov’22.
Balco’s price stands at INR 227,750/t ($2,790/t), while Hindalco’s prices are at INR 223,000/t ($2,736/t) exw, excluding GST.
The price cut was the result of a decrease in LME spot and futures prices by up to $23/t d-o-d.

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