Tag: automotive purchase managers
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India: Aluminium ADC12 non-OEM prices hold firm w-o-w as demand softens ahead of year-end
Prices of aluminium (non-OEM) ADC12 alloyed ingots remained stable w-o-w across northern and southern India, driven by sluggish demand in the automotive sector, with year-end holidays affecting market activity. BigMint’s weekly assessments placed ADC12 at INR 202,000/t (Delhi) and INR 203,000/t (Chennai). Additionally, India’s export offers for Japan dropped to $2,380/t, with expectations of a…