Tag: Increasing scrap and LME futures

India: ADC12 aluminum alloy ingot prices continue to inch higher following LME surge

Aug 28, 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 increased by INR 2,000/t w-o-w, according to BigMint’s latest assessment. In Delhi-NCR, ADC12 spot prices were assessed at INR 210,000/t ex-Delhi, aligning with domestic tense scrap prices, which settled at INR 177,000/t ex-Delhi. The major reason for increse in alloy prices was…