NALCO’s aluminium ingot price sees a rise of 2% to INR203250-206750/t with effect from June 25

National Aluminium Company Limited (NALCO) increased its aluminium ingot and aluminium product prices with effect from Friday, June 25. NALCO’s aluminium ingot price saw a hike of INR 3,800 per tonne or 1.9 per cent from INR 199,450-202,950 per tonne on June 22 to INR 203,250-206,750 per tonne on June 25.

NALCO’s aluminium wire rod price came in at INR 206,750-211,100 per tonne, also up by INR 3,800 per tonne from INR 202,950-207,300 per tonne. NALCO’s aluminium billets price also increased by INR 3,800 per tonne from 202,900-205,550 per tonne to INR 206,700-209,350 per tonne.

NALCO, like any other Indian aluminium producer, links its aluminium ingot and aluminium product prices to the three-month futures of aluminium on the London Metal Exchange, which after June 22 increased by US$ 41 per tonne to stand at US$ 2,904 per tonne as of June 25. On a month-on-month basis, the price stood up by around US$ 46 per tonne from 2,858 per tonne and on year by about US$ 954 per tonne from US$ 1,950 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.

source https://www.alcircle.com/news/nalcos-aluminium-ingot-price-sees-a-rise-of-2-to-inr203250-206750-t-with-effect-from-june-25-67689