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.
