India: Aluminium alloy ingots prices remain largely stable w-o-w

Aluminium alloy ADC-12 ingots prices stayed firm w-o-w amidst mixed sentiments in the market. A few sellers shared that the demand level is not adequate in the domestic market and production utilisation is limited up to a certain extent. Further, they foresee that the near-term prices are less likely to get any major downward correction amid raw material supply tightness in the major overseas markets.