Tag: Tense offers in Chennai

India: Aluminium ADC12 spot prices stable even as domestic scrap declines

May 1, 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 slight uptick by INR 1,000/t, reaching INR 219,000/t w-o-w exw Delhi NCR. Notably, tense scrap prices were at INR 187,500/t ex-Delhi, marking a weekly decrease of INR 4,500/t. The scrap-to-ADC12 spread has increased to INR 31,500/t. Market sources indicated that tense offers in…