India: Hindalco hikes aluminium ingots prices by INR 10,500/t

  • Hindalco increased primary aluminium ingots (P1020, 99.7%) prices by INR 10,500/t ($135/t) today as against 12 May’22. The effective price stands at INR 254,500/t ($3,282/t).
  • The closing price for the three-month aluminium futures on LME stood at $2,835/t on 17 May, stable d-o-d, while cash prices increased $45/t d-o-d yesterday.
  • Hindalco has been accorded Star Trading House status. Its aluminium is accepted for delivery under the High-Grade Aluminium Contract on the (LME).

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