India's ADC 12 Prices Drop as LME Aluminium Corrects and Japanese Demand Soft

Published: Oct 08, 2026 17:46 (GMT+8)
India’s ADC 12 prices faced downward pressure amid a decline in LME aluminium 3-month prices, while market participants assessed the impact on domestic ex-works prices in Mumbai and Delhi and export offers to Japan.

India's ADC 12 prices weakened across domestic and export markets amid a correction in LME aluminium prices and subdued buying interest from Japan. LME aluminium three-month prices declined 3.0% to $3,114/mt on October 7 from $3,210/mt on September 30, while cash settlement prices fell 3.2% to $3,102.50/mt from $3,204/mt. In the domestic market, ADC 12 prices in Mumbai averaged ₹305,000/mt (approximately $3,151/mt), down ₹4,000/mt, while Delhi prices averaged ₹304,750/mt (approximately $3,149/mt), down ₹2,750/mt. Currency conversions are based on an indicative USD/INR rate of ₹96.79 per dollar on October 8.

Indian-origin ADC 12 CIF Japan prices averaged $3,080/mt, down $12.50/mt. China-origin ADC 12 CIF Japan offers eased to $3,100/mt from $3,120/mt on September 30, while Thailand FOB offers declined to $3,060/mt from $3,120/mt. Malaysia FOB offers fell to $3,075/mt from $3,105/mt on October 1. International aluminium scrap prices also softened alongside the LME correction.

Tentative offers stood at $2,920–3,090/mt for extrusion scrap, $3,060–3,150/mt for aluminium wheels, $6,500–6,900/mt for Talk, $2,620–2,640/mt for Tense, around $2,080/mt for Tally, $2,580–2,750/mt for TT and $2,580–2,700/mt for Zorba. Tense and Tally prices were reported to have declined by around $25–35/mt on Wednesday following the fall in LME aluminium prices. Malaysia Scrap Mixed Aluminium Castings (Tense) was also assessed at $2,350/mt on October 5, down from $2,400/mt on September 28.

Market participants reported limited enthusiasm among Japanese buyers, with subdued demand restricting fresh export orders. Lower scrap prices have eased feedstock costs for secondary alloy producers, but the combination of weaker LME aluminium prices and cautious export demand continues to weigh on ADC 12 pricing.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
SMM Alumina Index at RMB 5.67/mt Premium on Oct 8
40 mins ago
SMM Alumina Index at RMB 5.67/mt Premium on Oct 8
Read More
SMM Alumina Index at RMB 5.67/mt Premium on Oct 8
SMM Alumina Index at RMB 5.67/mt Premium on Oct 8
Basis Daily Report: According to SMM data, on October 8, the SMM Alumina Index stood at a premium of RMB 5.67/mt over the latest transaction price of the main contract as of 11:30.
40 mins ago
Alumina Warrants Drop to 225,900 MT on Oct 8, Down 6,905 MT from Previous Day
41 mins ago
Alumina Warrants Drop to 225,900 MT on Oct 8, Down 6,905 MT from Previous Day
Read More
Alumina Warrants Drop to 225,900 MT on Oct 8, Down 6,905 MT from Previous Day
Alumina Warrants Drop to 225,900 MT on Oct 8, Down 6,905 MT from Previous Day
Warrant Daily Report: On October 8, total registered alumina warrants stood at 225,900 mt, down 6,905 mt from the previous trading day. In Shandong, total registered alumina warrants were 3,897 mt, unchanged from the previous trading day. In Henan, total registered alumina warrants were 0 mt, unchanged from the previous trading day. In Guangxi, total registered alumina warrants were 49,599 mt, up 600 mt from the previous trading day. In Gansu, total registered alumina warrants were 24,868 mt, unchanged from the previous trading day. In Xinjiang, total registered alumina warrants were 147,500 mt, down 6,905 mt from the previous trading day.
41 mins ago
FOB Alumina Price in Western Australia Reaches US$373/mt, Outpacing Domestic Index by RMB 518.33/mt
42 mins ago
FOB Alumina Price in Western Australia Reaches US$373/mt, Outpacing Domestic Index by RMB 518.33/mt
Read More
FOB Alumina Price in Western Australia Reaches US$373/mt, Outpacing Domestic Index by RMB 518.33/mt
FOB Alumina Price in Western Australia Reaches US$373/mt, Outpacing Domestic Index by RMB 518.33/mt
Overseas Market: As of October 8, 2026, the FOB alumina price in Western Australia was US$373/mt, with ocean freight at US$36.1/mt and the USD/RMB selling rate at around 6.72. This price translates to approximately RMB 3,187.00/mt for external sales at major domestic ports, which is RMB 518.33/mt higher than the alumina index price.
42 mins ago