India’s primary producers raised aluminium ingot (P1020, 99.7%) prices by up to INR 3,000/t ($35/t) compared to 24 Oct. Post-revision, Hindalco’s prices were at INR 261,000/t ($3,104/t), up by INR 3,000/t ($35/t), and Balco’s were at INR 263,250/t ($3,130/t), up by INR 1,750/t ($20/t). All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME stood at $2,618/t.
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