NALCO adds INR1000/t to its aluminium ingot selling price with effect from January 1, 2023
A week after the last update, National Aluminium Company Limited (NALCO) slightly increased its aluminium ingot and aluminium products prices on January 1, 2023. The company’s aluminium ingot price welcomed the New Year, reaching INR 225,250-228,750 per tonne, up by INR 1,000 per tonne from INR 224,250-227,750 per tonne on December 24.
NALCO aluminium wire rod price also saw an increase of INR 1,000 per tonne to stand at INR 229,750-234,100 per tonne as of January 1 versus INR 228,750-233100 per tonne a week ago. Aluminium billets price was no exception but grew by the same amount to hover around INR 229,700-232,350 per tonne, compared to INR 228,700-231,350 per tonne as of December 24.
NALCO increased its aluminium ingot and aluminium products prices in response to the rise in the LME aluminium benchmark price by US$18.50 per tonne or 0.8 per cent from US$2,342 per tonne to US$2,360.50 per tonne during December 23-30, 2022.
NALCO’s aluminium products and alumina account for nearly two-thirds of the company’s gross topline, while the sales of chemicals contribute to the rest. NALCO manufactures wire rods, billets, coils, and chequered sheets.
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