On June 5, the LME aluminium price shed off US$26 per tonne overnight that led Hindalco to cut its aluminium ingot selling price by INR 3,250 per tonne or 1.27 per cent to INR 252,500 per tonne on June 6.
On the same day, Hindalco also reduced its aluminium wire rod price and aluminium billets price by INR 3,250 per tonne to INR 269,500 per tonne and INR 266,600 per tonne.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
