Cogencis reported that Hindalco Industries Ltd cut the prices of aluminum products by over 1%, the sixth cut in a row, trade sources told Cogencis. Prices of Hindalco’s aluminium products are now at their lowest level since late-August. The company’s product prices are down over 2% for the quarter compared with the previous quarter. This is in line with prices of three-month futures of aluminium on the London Metal Exchange, which are down 3% in the current quarter.
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