NALCO’s aluminium ingot price gains INR1500/t with effect from March 20, 2021

National Aluminium Company Limited has raised its aluminium ingot and aluminium products prices after reducing them by INR 3,400 per tonne about three weeks ago. With effect from Saturday, March 20, NALCO’s aluminium ingot price has come in at INR 183,350-186,850 per tonne, up by INR 1,500 per tonne from INR 181,850 – 185,350 per tonne on March 1.

NALCO’s aluminium billets price is currently standing at INR 186,800-189,450 per tonne compared to INR 185,300 – 187,950 per tonne last time. This also reflects a surge of INR 1,500 per tonne or 0.80 per cent.

With the latest hike, NALCO’s aluminium wire rod price is ranging between INR 186850- 191200 per tonne as of March 20 versus INR 185,350 – 189,700 per tonne on March 1.

NALCO, like any other Indian aluminium producers, links its aluminium ingot and aluminium products prices to the three-month futures of aluminium on the London Metal Exchange, which since March 1 climbed to US$ 2188 per tonne as of March 19. On a year-on-year basis, the three-month futures of aluminium on LME are currently up by US$ 607 per tonne or 38.40 per cent.

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.