NALCO further increases its aluminium ingot price by INR4,500/t with effect from November 4

National Aluminium Company Limited (NALCO) has further increased the prices of its aluminium ingot and aluminium products with effect from Wednesday, November 4, 2020. The price of NALCO’s aluminium ingot has been raised significantly by INR 4,500 per tonne or nearly 3 percent from INR 158,150- 161,650 per tonne on November 1 to INR 162650-166150 per tonne.

NALCO’s aluminium billets price has come in at INR 166100- 168750 per tonne, registering an increase of INR 4,500 per tonne as well from INR 161,600-164,250 per tonne.

NALCO’s aluminium wire rods price is now at INR 166150-170500 per tonne versus INR 161650- 166000 per tonne on November 1.

NALCO links the prices of its aluminium products to the three-month futures of aluminium on the London Metal Exchange, which since the beginning of November has grown to US$ 1,877 per tonne. So, the global aluminium benchmark price on LME has grown by US$ 105 per tonne or 6 per cent since the beginning of the year so far.

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.