Industry News

Aluminium ADC12 non-OEM prices remain stable w-o-w amid sluggish demand

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Update time : 2024-12-19 16:56:59
Prices of aluminium (non-OEM) ADC12 alloyed ingots remained stable w-o-w across both northern and southern regions in India, largely due to ongoing sluggish demand in the automotive sector and a weakened export market.

BigMint's weekly assessments for ADC12 (non-OEM) grade stood at INR 202,000/tonne (t) in Delhi and INR 203,000/tonne in Chennai, stable w-o-w.

At the time of reporting, three-month aluminium futures on the LME stood at $2,533/tonne, dropping by 3 per cent compared to the previous week's levels of around $2,601/tonne. Meanwhile, stocks at LME-registered warehouses were at 670,025 tonnes, falling by 1 per cent from 677,600 tonnes in the previous week.

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