Nalco has reduced primary aluminium ingot (P1020, 99.7%) prices by INR 10,200/t ($131/t) today compared to 16 Jun. The effective price stands at INR 223,700/t ($2,866/t). Hindalco has reduced prices by INR 1,250/t ($16/t) today as against 18 Jun to INR 224,000/t ($2,870/t). The closing price for the three-month aluminium futures on LME stood at $2,498/t on 20 Jun, while cash prices fell $12/t to $2,462/t d-o-d yesterday.
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