SteelMint

India: Aluminium ADC12 ingots prices move up w-o-w

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by

Abhishek Bhalla
in
  • Domestic aluminium ADC12 ingots prices increased by INR 4,000/t ($49/t) w-o-w to INR 182,000/t ($2,242/t) exw-Faridabad following a parallel hike in aluminium scrap prices w-o-w.
  • Improved buying inquiries and supportive futures led to better transactions, SteelMint notes.
  • It is expected that aluminium ADC12 ingots prices may see an upward trend in the short-term.

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