India's Nalco awarded Thursday a sell tender for 10,000 mt of aluminum ingot, at $203/mt plus LME cash CIF Singapore to Swiss trader Euromin SA, a company source said Friday.
The product is to be delivered to Singapore between March and June, in four 2,500-mt lots. The closing date for offers was February 26, with the offers required to be valid until February 28.
The premium to the LME was $27/mt below Nalco's last tender awarded in late January to Singapore-based Gold Matrix at around $230/mt plus LME cash, CIF Singapore. That tender offered 12,000 mt to be delivered in eight 1,500-mt lots between February and September.
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