Tag: ADC12 from the UAE

India: Declining domestic scrap triggers drop in aluminium ADC12 spot prices

May 8, 2024

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by

Drishya Yadav

in Aluminium, Non Ferrous

BigMint’s assessment for spot prices of aluminium ADC12 alloy ingot saw a fall by INR 3,000/t, reaching INR 216,000/t w-o-w exw Delhi NCR. Notably, tense scrap prices were at INR 185,000/t ex-Delhi, marking a weekly decrease of INR 2,500/t. The scrap-to-ADC12 spread has increased to INR 31,000/t. Market sources indicated that tense offers in Chennai…