India: Primary aluminium producers cut ingot prices by INR 3,750/t ($44/t)

India’s primary aluminium producers have decreased ingot (P1020, 99.7%) prices by INR 3,750/t ($44/t) today. Balco’s prices were at INR 245,250/t ($2,934/t) and Hindalco’s prices were at INR 244,000/t ($2,919/t). All prices were ex-works and exclude GST. At the time of reporting, aluminium futures on LME stood at $2,542/t.