Tag: Budget FY’25 update

India: ADC12 aluminum alloy prices decline post-Budget, prices hit 3-month lows on LME

Jul 24, 2024

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by

Drishya Yadav

in Aluminium, Non Ferrous

Spot prices of aluminium ADC12 alloy ingots (non-OEM) in Delhi NCR and Chennai fell w-o-w following placement of the Union Budget for 2024-25, as per BigMint’s latest assessment. In the Delhi-NCR region, ADC12 spot prices were assessed at INR 210,000/t ex-Delhi, aligning with domestic tense scrap prices, which settled at INR 176,000/t ex-Delhi. Likewise, ADC12…