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.
