Reuters
India's NALCO issues 1,500T aluminium export tender-source
Edited by : AL CIRCLE
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India's state-run National Aluminium Co Ltd (NALCO) has issued a tender to export 1,500 tonnes of aluminium billets, a company source said on Thursday.
The last date for submission of bids is July 4, the official, who is close to the tendering process but could not be named due to company policy, told Reuters.
The metal would be shipped in six batches of 250 tonnes each from August to January, the official added.
NALCO, whose tenders serve as an international benchmark, last sold 12,000 tonnes of aluminium ingots to European trading firm Trafigura in April at $95 per tonne premium over the average LME cash price on a cost, insurance and freight basis.
Earlier this week, the metal producer had floated a tender to export 6,000 tonnes of aluminium.
The last date for submission of bids is July 4, the official, who is close to the tendering process but could not be named due to company policy, told Reuters.
The metal would be shipped in six batches of 250 tonnes each from August to January, the official added.
NALCO, whose tenders serve as an international benchmark, last sold 12,000 tonnes of aluminium ingots to European trading firm Trafigura in April at $95 per tonne premium over the average LME cash price on a cost, insurance and freight basis.
Earlier this week, the metal producer had floated a tender to export 6,000 tonnes of aluminium.
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