- Domestic aluminium prices retreat after recent gains
- LME weakness triggers fresh aluminium price cuts
NALCO reduced its primary aluminium ingot (P1020, 99.7%) prices by INR 14,000/t ($154/t) on 10 Jun’26, reversing the gains recorded in the previous revision amid weaker global aluminium market trends. Following the latest revision, prices declined to INR 402,300/t ($4,197/t) from INR 416,300/t ($4,343/t) on 5 Jun’26. The prices are quoted on an ex-works basis and exclude GST.
Despite the INR 14,000/t reduction in P1020 prices, market transaction levels remained firm compared with the previous day, indicating that the latest revision has not yet been fully reflected in spot trades. The impact of the price cut is likely to emerge more clearly in tomorrow’s trading activity.
Additionally, BALCO reduced its primary aluminium ingot (P1020, 99.7%) prices by INR 7,500/t ($83/t) to INR 414,750/t ($4,327/t) on 10 Jun’26, down from INR 422,250/t ($4,405/t) on 9 Jun’26. Meanwhile, Hindalco cut its P1020 prices by INR 6,250/t ($69/t) to INR 414,000/t ($4,319/t) from INR 420,250/t ($4,384/t) over the same period.
Meanwhile, benchmark three-month aluminium futures on the London Metal Exchange (LME) declined to $3,513/t on 10 Jun’26, down 5.6% w-o-w from $3,723/t recorded on 3 Jun’26.
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