NALCO’s aluminium ingot price sees a surge of INR9100/t to range between INR247450- 250950/t on January 7
National Aluminium Company Limited (NALCO) has significantly increased its aluminium ingot and aluminium products prices with effect from Friday, January 7, following a cut on January 1. The hike is in line with the LME aluminium benchmark price rise by US$50.50 per tonne on January 5.
NALCO’s aluminium ingot price has seen a surge of INR 9,100 per tonne to stand at INR 247,450- 250,950 per tonne as of January 7. On January 1, the metal price ranged between INR 238,350–241,850 per tonne after a cut of INR 4,200 per tonne.
NALCO’s aluminium wire rod price has come in at INR 249,950- 254,300 per tonne on January 7, also up by INR 9,100 per tonne from INR 240,850-245,200 per tonne on January 1. Aluminium billets price is currently hovering around INR 250,900- 253,550 per tonne, compared to INR 241,800- 244,450 per tonne till January 6.
The three-month futures of aluminium on the London Metal Exchange stood higher at US$2,866 per tonne as of January 5, which brought the price month-on-month up by US$265.50 per tonne from US$2,600.50 per tonne.
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.
Faulty dust filters impel North Korea's Bukchang Aluminum Factory to release toxins straight into the air
Next articleSHFE price hikes by 1.17% to settle at US$3278/t; LME aluminium closes at $2930/t
Grow with
AL Circle
