en.Wedoany.com Reported - As of April 16, 2026, domestic aluminum prices in India continued to rise, primarily influenced by higher aluminum futures prices on the London Metal Exchange (LME) and the Multi Commodity Exchange of India (MCX), with market sentiment remaining stable. The price of P1020 aluminum ingots in the Delhi NCR region increased by INR 20,000 per tonne compared to the previous week, reaching INR 378,000 per tonne, a gain of 5.2%. Prices in Mumbai also rose by INR 19,000 per tonne to INR 379,000 per tonne, an increase of 5%.
Domestic aluminum futures on MCX rose by INR 18,350 per tonne, a 4.91% increase, reflecting bullish market sentiment. LME's three-month aluminum price increased by USD 229 per tonne to USD 3,679 per tonne, a rise of 6.21%. Inventories in LME-registered warehouses decreased by 9,950 tonnes to 391,675 tonnes, indicating tight supply and providing further support for aluminum prices.
A major primary aluminum producer reported that the domestic P1020 aluminum premium remained at USD 310 per tonne, benefiting from the rebound in global benchmark prices and tight supply conditions. Market participants indicated that purchasing activity has become cautious at high price levels, but the recovery in LME prices and declining inventories continue to support domestic quotations. The average price of primary aluminum ingots from NALCO increased from INR 373,500 per tonne on April 1 to INR 383,600 per tonne on April 15, a gain of approximately 2.7%. Prices from BALCO and Hindalco also rose by about 2% and 1%, respectively.
In the short term, Indian aluminum prices are likely to remain firm, supported by gains on the LME and MCX and declining inventories. Higher replacement costs may continue to support producer quotations, with purchasing activity expected to be demand-driven. The market direction will depend on downstream demand response and the sustainability of global price momentum.
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