Hindalco has increased primary aluminium ingot (P1020, 99.7%) prices by INR 4,500/t ($57/t) on 6 Aug’22. The effective price is INR 226,000/t ($2,840/t). The closing price for the three-month aluminium futures on LME stood at $2,416/t on 5 Aug, increasing by $13/t d-o-d yesterday. Marginal improvement in exchange futures and spot prices along with strengthening scrap prices led to the price uptick.
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