[SMM ADC 12 Flash] ADC 12 Aluminium: Mumbai Producers Anticipate Price Pressure Amid Rising Scrap Costs, Demand Improves
ADC 12 Aluminium: ADC 12 producers in Mumbai expect ex-works prices to come under pressure as scrap input costs rise. Producers also reported an improvement in demand for secondary aluminium alloys from downstream manufacturers. In Delhi, producers reported steady demand from downstream consumers. ADC 12 exporters to Japan heard offers at $3,030–3,060/mt, but prices have yet to strengthen as expected, despite Japanese buyers returning to the market following their holiday break.