Nalco sells aluminium at premium

Print this page Posted on : 06-27-2009 by recycleinme.com
National Aluminium Co Ltd (Nalco) sold 5,000 tonnes of aluminium ingots a a premium of $76 a tonne to LME cash price on a c.i.f basis, a senior official in the company said on Friday. The buyer was the European trading firm Trafigura, said the official, who has direct knowledge of the deal. The shipment will take place from July onwards in batches, the official said. Nalco, whose tenders serve as an international benchmark, last sold aluminium last week at $83.33 a tonne over LME, also to Trafigura.
Source : Business Line

Latest Scrap and Metal news
Spot rubber rules steady
Copper rises, but inventories cap gains
Indonesia coal prices firm on China, India demand No physical trades on the globalCOAL platform this week
Metals recover on global cues
Malaysia tin up $40/tonne
China cobalt up on speculation
Mixed trend in spot rubber

More Scrap and Metal news