India: Nalco hikes aluminium ingots prices by INR 12,900/t ($169/t)

  • Nalco has increased primary aluminium ingots (P1020, 99.7%) prices by INR 12,900/t ($169/t) today as against 23 Mar’22. The effective price stands at INR 317,700/t ($4,171/t).
  • The closing price of the three-month aluminium futures on LME was $3,623/t on 21 March as against $3,653/t the previous day.
  • NALCO has a production capacity of around 0.4 mnt per annum and accounts for 11% of India’s market share.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *