Aluminium alloy (ADC12) ingot prices in India register a sequential influx of INR1000/t
2023年12月01日 17:49:08
铝云汇
SteelMint's assessment indicates a slight increase of INR 1,000 per tonne in the prices of aluminium ADC12 alloy ingots to INR 183,000 per tonne. Meanwhile, tense scrap prices remained stable at INR 155,000 per tonne ex Delhi. The prices of ADC12 ingots have improved due to the increase in the prices of critical raw materials used in production, mainly imported ones.
In particular, tense scrap from the Middle East increased by $30 per tonne to reach $1,590 per tonne, while taint tabor from the UK rose by $40-45 per tonne in the last month and stood at $1,575 per tonne. Zorba 95-5 prices from the UK were recorded at $1,830 per tonne.
According to a North Indian producer, the surge in the prices of imported scrap has led to an increase in production costs. As a result, they quoted SteelMint saying that it is not viable to sell ADC12 ingots below INR 192,000 per tonne.
Although the domestic market remained silent amid low demand from end-users, the Japanese automobile industry has witnessed some improvement in demand, leading to an increase in export queries from India. A key exporter cited ADC12 export levels at $2,270-2,280 per tonne for MJP (Major Japanese Port). An established automobile producer marginally reduced their monthly OEM settlement prices for December for ADC12 to INR 189,000 per tonne.
The domestic aluminium scrap market in India has maintained a stable position lately, with Steelmint's assessment price for tense exw-Delhi holding steady at INR 155,000 per tonne. While trades are taking place within the range of INR 154,000-156,000 per tonne, utensil scrap prices are at INR 171,000-172,000 per tonne exy-Delhi (excluding GST).
Market participants have expressed concerns about liquidity issues, which have resulted in a delay of the usual immediate payment cycle by 15-20 days instead of 5-6 days. Additionally, slow local demand has also been a factor. However, there is optimism that these issues will soon be resolved, with the resumption of demand expected next month.
Looking at the future, it can be forecasted that prices are expected to trend positively due to healthy demand in the Japanese automobile segment. Gradually increasing demand offers an optimistic outlook for potential export growth.
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