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India's NALCO sells aluminium at $213/T premium

Source : REUTERS
Last Updated: Fri, Nov 30, 2012 18:41 hrs

BHUBANESWAR, India, Nov 29 (Reuters) - India's state-run National Aluminium Co (NALCO) has sold via a tender 12,000 tonnes of aluminium ingots at $213 per tonne premium over the average LME cash price on a cost, insurance and freight (CIF) basis, company sources said on Thursday.

The metal will be shipped to the Singapore-based buyer in eight batches of 1,500 tonnes each from December to July next year.

NALCO, whose tenders serve as a global benchmark, last sold 12,000 tonnes of aluminium ingots at $225 per tonne premium over the average LME cash price on a cost, insurance and freight (CIF) basis to a Hong Kong-based buyer last week. (Reporting by Jatindra Dash; Editing by Sunil Nair)




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