[SMM Analysis] Indian ADC 12 Prices Drop as LME Aluminium Falls and Festive Demand Slows

Published: Oct 15, 2026 16:20 (GMT+8)

Save

Indian ADC 12 aluminium alloy ingot prices fell week on week on October 15 as declining LME aluminium prices and subdued festive-season demand weighed on buying interest.

Indian ADC 12 aluminium alloy ingot prices declined week on week amid falling LME aluminium prices and subdued festive-season demand. Ex-works Mumbai prices fell to ₹299,000/mt ($3,145/mt) from ₹305,000/mt ($3,208/mt) in the previous week's assessment on October 8, down 1.97%.

Ex-works Delhi prices declined to ₹300,000/mt ($3,155/mt) from ₹304,500/mt ($3,203/mt), marking a 1.48% decrease. Indian-origin ADC 12 offers on a CIF Japan basis eased to $3,025/mt from $3,080/mt in the previous week, down $55/mt, or 1.79%.

INR prices were converted at ₹95.07 per US dollar as of October 15. Regional export prices also weakened week on week.

Chinese-origin ADC 12 ingot prices on a CIF Japan basis averaged $3,050/mt, down $10/mt, while Thailand-origin material on a FOB basis averaged $3,080/mt, declining by $20/mt. Malaysia-origin material averaged $3,000/mt on a FOB basis, down $25/mt. Market participants said imports of aluminium alloys from Malaysia had added to competitive pressure in India's price-sensitive market, where downstream manufacturers remained cautious about fresh purchases during the ongoing festive season.

LME three-month aluminium prices fell by $100.50/mt, or 3.23%, to $3,013.50/mt on October 14 from $3,114/mt on October 7, reinforcing bearish sentiment in the domestic alloy market.

A stronger US dollar, elevated US Treasury yields and concerns over China's demand recovery weighed on prices, while expectations of additional supply from Indonesia and easing concerns over Middle Eastern supply disruptions added to the pressure.

In the scrap market, US-origin 95/3 Zorba offers were heard at $2,600–2,650/mt on October 15, while bids stood at around $2,500/mt, leaving a $100–150/mt gap. Traders reported limited spot availability as sellers were reluctant to offer material at lower prices while international prices remained relatively firm. Sellers were unwilling to reduce offers until they could secure replacement material at equivalent or lower prices. Meanwhile, buyers remained cautious and monitored LME movements before committing to fresh purchases, keeping trading activity subdued.

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

1 min ago

Rio Tinto Q3 Bauxite Output Down 4%, Alumina Up 9.7% YoY

Rio Tinto's third-quarter bauxite production was 15.75 million tonnes, down 4% year on year, against an estimate of 15.22 million tonnes. Alumina production was 2.07 million tonnes, up 9.7% year on year, against an estimate of 2.00 million tonnes.

1 min ago

CHALCO's Guangxi Branch Completes $990M Red Mud Storage Site, Aiming for Green Transformation

Recently, the Longchuan red mud (bauxite residue) storage site project of CHALCO's Guangxi Branch was completed and put into operation. With a total investment of RMB 990 million, the Longchuan red mud storage site is designed to handle 3 million m³ of dry red mud per year, adopts a dry stacking process, has a total storage capacity of 64.22 million m³, and a service life of up to 32.6 years. The site was built in two phases, with Phase I starting construction on February 15, 2025. Following the principles of "safety first, environmental compliance, and adapting to local conditions," it took 19.5 months to complete, achieving zero quality hazards, zero safety accidents, and zero environmental issues throughout, and passing acceptance in full compliance with standards. Once operational, the project will provide a safe succession for the company's red mud discharge, effectively easing the company's long-term red mud disposal pressure, and—when future technical conditions mature—allow further extraction of rare metals such as vanadium and scandium from it, injecting strong momentum into CHALCO's green, low-carbon, safe, and efficient transformation and development.

1 min ago

Aluminum billet inventory edges down from post-holiday high; processing fees rise across regions [SMM Analysis]

According to SMM statistics, aluminum billet inventory in major domestic consumption sites stood at 168,500 tonnes on October 15, down 19,000 tonnes from last Thursday and down 12,500 tonnes from this Monday, as post-holiday inventories retreated quickly from the seasonal high of 187,500 tonnes. Inventory remains the highest for the same period in four years, about 21,000 tonnes above 2025 and about 42,000 tonnes above 2024.

1 min ago