Industry News

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

Views : 24
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.

Related News
Read More >>
Iran's alumina powder production sees 5% growth Iran's alumina powder production sees 5% growth
Dec .26.2024
Iran's alumina powder production sees 5% growth
US aluminium plates, sheets and bars exports downtrend by 2.77% in Q3 2024, attributed to Canada US aluminium plates, sheets and bars exports downtrend by 2.77% in Q3 2024, attributed to Canada
Dec .26.2024
US aluminium plates, sheets and bars exports downtrend by 2.77% in Q3 2024, attributed to Canada
Africa’s primary aluminium production from January to November 2024 sees a 1.5% dip Africa’s primary aluminium production from January to November 2024 sees a 1.5% dip
Dec .26.2024
Africa’s primary aluminium production from January to November 2024 sees a 1.5% dip
Christmas boost for aluminium market: Prices climb on SMM, led by A00 ingot and alumina Christmas boost for aluminium market: Prices climb on SMM, led by A00 ingot and alumina
Dec .26.2024
Christmas boost for aluminium market: Prices climb on SMM, led by A00 ingot and alumina