26 JUNE 2012Reuters
NALCO sells aluminium at $203 per tonne premium
Edited by : AL CIRCLE
1 min read
India's state-run National Aluminium Co (NALCO) on Monday said it has sold 8,000 tonnes of aluminium ingots at close to $203 per tonne premium over the average LME cash price on a cost, insurance and freight (CIF) basis.
The metal will be shipped to a European buyer in eight batches of 1,000 tonnes each from July to February, NALCO's commercial director Ansuman Das told Reuters.
NALCO, whose tenders serve as a global benchmark, last sold 4,500 tonne of aluminium ingots at about $180 per tonne premium over the average LME cash price on a CIF basis to a European buyer earlier this month.
The metal will be shipped to a European buyer in eight batches of 1,000 tonnes each from July to February, NALCO's commercial director Ansuman Das told Reuters.
NALCO, whose tenders serve as a global benchmark, last sold 4,500 tonne of aluminium ingots at about $180 per tonne premium over the average LME cash price on a CIF basis to a European buyer earlier this month.
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