Aluminium ADC12 alloy ingot prices in India have remained stable at INR 182,000 per tonne, while tense scrap prices have also remained largely unchanged at INR 155,000 per tonne ex Delhi due to limited demand.
The price of China Silicon 553 has decreased by 1.8 per cent w-o-w and is currently reported at US$1,935 per tonne.
Sources suggest that the production capacity has remained stable, leading to the stability of local prices. The Indian aluminium alloy industry has seen fluctuations in recent months due to varying global market dynamics, supply chain disruptions, and geopolitical events. The automotive and construction sectors, which are significant consumers of aluminium alloys, have experienced a surge in demand, leading to challenges in raw material supply chains, rising energy costs, and logistical issues that impact production and, consequently, the prices of the alloys.
Aluminium alloys have become even more crucial due to the global push towards sustainability and the emphasis on lightweight materials in manufacturing. These alloys are known for their strength-to-weight ratio and align with eco-friendly practices. Therefore, stakeholders in the aluminium industry must closely monitor these trends, adapt to market dynamics, and implement strategic measures to ensure stability in pricing and supply chains.
sourced from SteelMint
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