Hindalco has decreased primary aluminium ingot (P1020, 99.7%) prices by INR 2,250/t ($28/t) on 13 Aug’22. The effective price is INR 229,500/t ($2,882/t). The closing price for the three-month aluminium futures on LME stood at $2,487.09/t on 12 Aug, increasing by $55/t d-o-d yesterday. Constant swings in exchange futures may be attributed as a key factor behind this price adjustment, which may influence the primary manufacturers.
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