India: Aluminium alloy ingot prices contract on subdued demand

Aluminium alloy ingot ADC-12 saw price contraction on a weekly basis. The market witnessed limited demand resulting in narrowing down of operational capacity. Most of the known sellers have adjusted capacity utilisation by 30-40% owing to limited export orders. Further, there is a significant price gap among small, medium and large-scale manufacturers, as per their procurement share of domestic and imported scrap.


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