NALCO expands its aluminium ingot price by INR5400/t with effect from February 17
National Aluminium Company Limited has further expanded its aluminium ingot and aluminium products prices, with effect from Thursday, February 17. The company’s aluminium ingot price has seen a hike of INR 5,400 per tonne to range between INR 280,450-283,950 per tonne. On February 9, the price had witnessed a surge of INR 14,500 per tonne to INR 275050- 278550 per tonne.
NALCO’s aluminium wire rod price has experienced no exception but an increase of INR 5,400 per tonne from INR 277,550- 281,900 per tonne on February 9 to INR 282,950-287,300 per tonne on February 17. Aluminium billets price has come in at INR 283,900-286,550 per tonne versus INR 278,500- 281,150 per tonne over a week ago.
NALCO links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which from February 9 to February 17 climbed by US$46 per tonne to reach US$3,294 per tonne. On a month-on-month calculation, the price is up by about US$285 per tonne or 9.47 per cent from US$3,009 per tonne.
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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