India: Aluminium prices gain w-o-w as futures remain firm, global supply concerns persist
Domestic aluminium prices in India continued to strengthen w-o-w, supported by upward revisions from primary producers amid firm LME and MCX aluminium futures and ongoing global supply concerns. The price increase came despite adequate domestic availability and only moderate downstream demand, highlighting the continued influence of global market signals on local pricing.
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According to BigMint's assessment, domestic aluminium ingot prices in Delhi rose by INR 7,000 per tonne, or 2 per cent, w-o-w to INR 322,000 per tonne, while Mumbai prices increased by INR 13,000 per tonne, or 4.2 per cent, w-o-w to INR 325,000 per tonne as of 15 January.
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