Tag: tense prices in the northern region

India’s Aluminum ADC12 spot prices drop by INR 4,000/t as scrap declines w-o-w

May 15, 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 of INR 4,000/tonne (t) to INR 212,000/t w-o-w exw-Delhi NCR. Notably, tense scrap prices were at INR 183,000/t ex-Delhi, marking a weekly decrease of INR 2,000/t. The scrap-to-ADC12 spread was recorded at INR 29,000-30,000/t. Market sources indicated that tense offers in Chennai…