Domestic aluminium prices in India extended their upward trend as of 16 April 2026, tracking continued gains in aluminium futures on both the London Metal Exchange (LME) and the Multi Commodity Exchange of India (MCX), supported by firm market sentiment.
As per market assessments, P1020 ingot prices in Delhi NCR increased by INR 20,000 per tonne, or 5.2 per cent, W-o-W to INR 378,000 per tonne on 16 April, up from INR 358,000 per tonne on 09 April. Similarly, Mumbai prices rose by INR 19,000 per tonne, or 5 per cent, to INR 379,000 per tonne, compared to INR 360,000 per tonne in the previous week.
Domestic aluminium futures on the MCX registered a sharp W-o-W increase of INR 18,350 per tonne, or 4.91 per cent, reflecting strong bullish sentiment in the domestic market. Recent exchange quotes around 16 April also show MCX aluminium futures trading in the INR 370 per kg range, broadly consistent with the uptrend.
In the global market, 3-month aluminium prices on the LME increased by USD 229 per tonne, or 6.21 per cent, to USD 3,679 per tonne. Meanwhile, stocks at LME-registered warehouses declined by 9,950 tonnes, or 2.5 per cent, to 391,675 tonnes, indicating continued supply tightness and lending further support to prices. LME warehouse stocks and pricing data for mid-April also continue to point to firm market conditions.