Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
03 JULY 2020 AL CIRCLE

Hindalco again increases its aluminium prices by 1% w.e.f July 1 in line with rallying LME prices

EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Hindalco Industries Limited has increased its aluminium products prices by again 1 per cent for the second consecutive time, with effect from July 1, 2020. With the latest hike, the company’s aluminium ingot price has come in at INR 139,750 per tonne compared to INR 138,000 per tonne on June 27, indicating a hike of INR 1,750 per tonne or 1.27 per cent over the week.

Hindalco increases its aluminium prices by 1% for the second time in a row in line with rallying LME prices

{alcircleadd}

Hindalco’s aluminium wire rod price and billet price, on the other hand, are respectively standing at INR 150,850 per tonne and INR 146,850 per tonne, marking growth of INR 1,750 per tonne or 1.17 per cent and 1.21 per cent from INR 149,100 per tonne and INR 145,100 per tonne on June 27.

The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on the London Metal Exchange. The three-month futures of aluminium between June 25 and July 1 rallied from US$ 1543.50 per tonne to US$ 1593.5 per tonne, and with that, the decline in the three-month aluminium future prices have come down to 9.62 per cent so far in 2020, which in the earlier week was by more than 14 per cent.

Energy Consumption in Aluminium Smelting

Aluminium operations of the company, excluding those of its US arm Novelis Inc, generally account for nearly half of its total sales and 70% of its operating profit.


Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : DEBANJALI SENGUPTA 2MINS READ

Responses

Adv
Adv
Adv
Loading...
Adv
Adv
Adv
Loading...
Reports VIEW ALL
Loading...
Loading...
Business Leads VIEW ON AL BIZ
Loading...
Adv
Adv
Would you like to be
featured with us?
Loading...

AL Circle: Aluminium Ecosystem App

A proud
ASI member
© 2026 AL Circle. All rights reserved. AL Circle is not responsible for content from external sources.