Primary Aluminium News - Market

NALCO’s aluminium ingot price experiences a third cut since February-end

  | AL Circle   |

National Aluminium Company Limited (NALCO) has slashed its aluminium ingot and aluminium products prices for the third time in a row since the February end. With effect from Saturday, March 18, the company has cut its aluminium ingot price by INR 3,800 per tonne or 1.73 per cent to INR 215,850-219,350 per tonne versus INR 219,650-223,150 per tonne on March 10.

NALCO’s aluminium ingot price experiences the third cut since February-end

NALCO’s aluminium wire rod price has also been reduced by INR 3,800 per tonne on March 18 to sell the product at INR 220,350-224,700 per tonne compared to INR 224,150-228,500 per tonne on March 10. Aluminium billets price is no exception but also seen a cut of the same amount to come in at INR 220,300-222,950 per tonne as against INR 224,100-226,750 per tonne

NALCO links its aluminium ingot and aluminium products prices to the three month futures of aluminium on the London Metals Exchange, which fell during March 10-17 by US$17 per tonne to stand at US$2,232 per tonne.

Global Aluminium Industry Outlook 2023

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.

Edited By:


This news is also available on our App 'AlCircle News' Android | iOS


Related Business Leads
Buying request Aluminium Ingot A7
Interested to buy aluminium ingot A7. Destination - India
Posted On : 30 Nov 2023

Buying request Aluminium Ingot A7
Need suitable sellers of aluminium A7 ingots. Place of Origin - Any place Payment Terms - DLC or SBLC, 2% PB
Posted On : 30 Nov 2023

Buying request Aluminium Ingot A7
Interested to buy aluminium ingot A7 from manufacturers only. Destination - China
Posted On : 30 Nov 2023

Interested to buy A7E / P1020A  aluminium ingots. Size of Ingot : 10 Kg or 23 Kg Delivery Location : Qatar Estimated Delivery Date : 27th December'...
Posted On : 28 Nov 2023

Buying request Aluminium Ingot A8
Interested to buy aluminium ingot A8. Destination - Guangzhou or Shanghai, China 
Posted On : 28 Nov 2023
Alternate Text
EPIQ Machinery

A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems

Alternate Text
Altek

Leading manufacturer of value-added equipment for the aluminum casthouse

Alternate Text
Jagannath Company

Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals

Alternate Text
CETAG

A supplier of proven systems and an expert adviser in aluminum casthouse technology, offering its services worldwide to the aluminum industry.

Alternate Text
IBAAS-JNARDDC 2023

4-6 December 2023 at Chitnavis Centre in Nagpur, India.

Alternate Text
IGUN METALS AND FINANCE INC

Global supplier of aluminium alloy and base metals from Africa