NALCO cuts aluminium ingots price with effect from April 23
National Aluminium Co Ltd has cut the prices of its aluminium ingots for the fourth time in a row. With effect from Thursday, April 23, the prices of ingots came in at INR 142,150-145,650 per tonne, down nearly 1% from 143,150 per tonne-146,650 per tonne on April 17.
With the latest cut, the price of aluminium billets now stands at INR 145,600 - 148,250 per tonne, down from INR 146,600 - INR 149,250 per tonne.
The Indian aluminium producers generally link prices of its products to the three-month futures of aluminium on London Metal Exchange. The contract is down more than 18% so far in 2020 due to slower global demand following the coronavirus outbreak.
Aluminium products and alumina account for nearly two-thirds of NALCO's gross topline, while the sales of chemicals contribute to the rest. NALCO manufactures wire rods, billets, coils, and chequered sheets.
This news is also available on our App 'AlCircle News' Android | iOS
A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems
Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines
Leading manufacturer of value-added equipment for the aluminum casthouse
Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals.
Your reliable partner in aluminum casthouse equipment and products
Fioscope provide air-cooled camera technology for high temperature applications
Business Leads
