Nalco: Weak Q2, but improvement likely
The National Aluminium Company (Nalco)’s performance for the September 2016 quarter was disappointing on volume and profitability fronts, the latter impacted by rising raw material and power costs. In the second quarter (Q2), total aluminium prices including premium, on the London Metal Exchange (LME) averaged at $1,646 a tonne. These were up two per cent sequentially but down two per cent year-on-year. However, it is alumina, which is refined further to produce aluminium that matters more for Nalco. Prices of alumina averaged at $266 compared to $263 in previous quarter and …
Source:http://www.business-standard.com/
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