India: Hindalco, Balco raise aluminium ingot prices by INR 3,250/t ($38/t)

India's primary producers raised aluminium ingot (P1020, 99.7%) prices by INR 3,250/t ($38/t) compared to 16 Oct. Post-revision, Hindalco's prices were at INR 253,250/t ($3,012/t), and Balco's were at INR 255,250/t ($3,036./t). All prices are ex-works and exclude GST. At the time of reporting, aluminium futures on the LME stood at $2,552/t.