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30 NOVEMBER 2022 AL CIRCLE

NALCO reduces its aluminium ingot price for the second time in a month to INR220,450-223,950/t

EDITED BY : DEBANJALI SENGUPTA 1MINS READ

National Aluminium Company Limited (NALCO) has again curtailed its aluminium ingot and aluminium products prices, with effect from Tuesday, November 29, marking the second consecutive cut. NALCO’s aluminium ingot price has been reduced by INR 4,600 per tonne from INR 225,050-228,550 on November 19 to INR 220,450-223,950 per tonne on November 29.

NALCO reduces its aluminium ingot price for the second time in a month to INR220,450-223,950/t

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NALCO’s aluminium wire rod price and billets price have also experienced a cut of INR 4,600 per tonne on November 29, following a trim of INR 2,900 per tonne on November 19. With the latest cut, the former has come in at INR 224,950-229,300 per tonne versus INR 229,550-233,900 per tonne, and the latter hovers around INR 224,900-227,550 per tonne compared to INR 229,500- 232,150 per tonne.

NALCO links its aluminium ingot and aluminium products prices with the three-month futures of aluminium on the London Metal Exchange, which trended down over ten days by US$53.50 per tonne from US$2,369 per tonne to US$2,315.50 per tonne as of November 28.

Future of the Global Aluminium Castings Industry

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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EDITED BY : DEBANJALI SENGUPTA 1MINS READ

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