India’s domestic aluminium prices recorded notable week-on-week gains, supported by upward price revisions from primary producers following a rise in LME and MCX aluminium prices and renewed global supply concerns. The increase came despite comfortable domestic availability and only a gradual improvement in downstream demand, underscoring the dominant influence of global market cues on prices during the week.
BigMint’s assessment showed India’s domestic P1020 ingot (99.7 per cent) prices rising by INR 5,000 per tonne w-o-w to INR 292,000 per tonne ex-Delhi NCR, while Mumbai ex-works prices gained by INR 12,000 per tonne to INR 301,000 per tonne amid firm global market cues.