08 OCTOBER 2012Reuters
India's NALCO sells aluminium at $242/T premium
Edited by : AL CIRCLE
1 min read
India's state-run National Aluminium Co (NALCO) has sold 3,000 tonnes of aluminium ingots at $242 per tonne premium over the average LME cash price on a cost, insurance and freight (CIF) basis, two company sources said on Thursday.
The metal will be shipped to the Singapore-based buyer in six batches of 500 tonnes each from November to April.
NALCO, whose tenders serve as a global benchmark, last sold 12,000 tonnes of aluminium ingots at close to $223 per tonne premium over the average LME cash price on CIF basis to a European buyer in July.
The metal will be shipped to the Singapore-based buyer in six batches of 500 tonnes each from November to April.
NALCO, whose tenders serve as a global benchmark, last sold 12,000 tonnes of aluminium ingots at close to $223 per tonne premium over the average LME cash price on CIF basis to a European buyer in July.
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