Industry News

India: ADC12 aluminium alloyed ingot OEM-grade prices drop to 10-month low in South India

Views : 41
Update time : 2024-12-11 18:01:18
Prices of aluminium ADC12 alloyed ingots declined m-o-m across south India, with BigMint's benchmark monthly assessment placing the OEM-approved grade at a ten-month low of INR 208,000/t in Chennai, levels last seen in February 2024. This marks a fall of INR 2,000/tonne (t) m-o-m, primarily due to continued sluggish demand in the automotive sector and a weakened export market.

However, prices remained stable in the northern region, with the OEM-approved grade at INR 209,000/t in Delhi.

Meanwhile, on a w-o-w basis, prices saw a slight decline, driven by ongoing weak demand in the auto sector. Alloy ingot producers have warned that further cuts could pressure margins by narrowing the price gap between Tense and ADC12.

Related News
Read More >>
Can India’s ‘zero-for-zero’ approach tackle US reciprocal tariffs? Here’s it's context, impact and more Can India’s ‘zero-for-zero’ approach tackle US reciprocal tariffs? Here’s it's context, impact and more
Feb .24.2025
Can India’s ‘zero-for-zero’ approach tackle US reciprocal tariffs? Here’s it's context, impact and more
METLEN secures long-term bauxite supply deal with Rio Tinto; NALCO unveils ambitious INR 30,000 crore expansion strategy METLEN secures long-term bauxite supply deal with Rio Tinto; NALCO unveils ambitious INR 30,000 crore expansion strategy
Feb .24.2025
METLEN secures long-term bauxite supply deal with Rio Tinto; NALCO unveils ambitious INR 30,000 crore expansion strategy
Primary aluminum alloy market weak recovery in off-season: when will spring arrive Primary aluminum alloy market weak recovery in off-season: when will spring arrive
Feb .24.2025
Primary aluminum alloy market weak recovery in off-season: when will spring arrive
Trump’s tariffs: How a 25% markup on foreign steel and aluminum will create winners and losers in Cleveland Trump’s tariffs: How a 25% markup on foreign steel and aluminum will create winners and losers in Cleveland
Feb .24.2025
Trump’s tariffs: How a 25% markup on foreign steel and aluminum will create winners and losers in Cleveland