Author: Drishya Yadav
-
India’s aluminum ADC12 spot prices remain rangebound w-o-w
BigMint’s assessment for spot prices of aluminium ADC12 alloy ingots show a marginal gain of INR 1,000/tonne (t) to INR 216,000/t w-o-w exw-Delhi NCR. Notably, tense scrap prices are at INR 188,000/t ex-Delhi, marking a weekly increase of INR 1,000/t. The scrap-to-ADC12 spread was recorded at INR 28,000-29,000/t. Market sources indicated that tense offers in…