Author: Drishya Yadav
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India: Aluminium ADC12 prices stable w-o-w despite escalating raw material prices
Aluminium ADC12 alloy ingot (automobile equivalent) spot prices remain stable at INR 204,000/t w-o-w exw Delhi, excluding GST. This stability is observed despite an increase in local Tense scrap prices in both north and south India where shortages are reported, according to BigMint assessment. Presently, tense offers in Chennai stand at INR 172,000/t-173,000/t. However, bids…