Reuters
India's NALCO Sells Aluminum at $165/T Premium
Edited by : AL CIRCLE
1 min read
Indian state-run National Aluminum Co Ltd (NALCO) sold 2,100 tonnes of aluminum billets at close to $165 per tonne premium over the average LME cash price on a cost, insurance and freight basis, a senior company official said.
The metal will be shipped in six batches of 350 tonnes each from April to September to a Hong Kong based trader, commercial director Ansuman Das told Reuters on Saturday.
NALCO, whose tenders serve as a global benchmark, last sold 12,000 tonnes of aluminum ingots at close to $113 per tonne premium over the average LME cash price on a cost, insurance and freight basis to a European trader on March 13.
The metal will be shipped in six batches of 350 tonnes each from April to September to a Hong Kong based trader, commercial director Ansuman Das told Reuters on Saturday.
NALCO, whose tenders serve as a global benchmark, last sold 12,000 tonnes of aluminum ingots at close to $113 per tonne premium over the average LME cash price on a cost, insurance and freight basis to a European trader on March 13.
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