Hindalco reduced primary aluminium ingot (P1020, 99.7%) prices by INR 8,000/t ($103/t) today against 11 June’22. The effective price stands at INR 235,250/t ($3,016/t). The closing price of the three-month aluminium futures on LME stood at $2,615/t on 13 June, down $66/t over the previous closing, while cash prices fell by $105/t d-o-d to $2,589.5/t yesterday.
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