Aluminium alloy ADC-12 ingot prices recovered INR 2,000/t despite limited transactions in the domestic as well as overseas markets. Trader sources said that average trades were witnessed ahead of the fiscal year-end amid a tight payment cycle. However, specific transactions were reported at around $2,730-2,740/t CIF Japan, almost equivalent to the northern Indian market price of INR 215,000/t considering FOB cost-shared by industry networks.
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