The weekly Davis Index for ADC 12 settled at Rs127,000/mt ex-works Delhi producer, down by Rs1,000/mt ($13.63/mt) as market headed towards striking a balance in auto alloy prices after witnessing an uptick for last three consecutive weeks. 

ADC 12 producers around Delhi reported prices as low as Rs124,000/mt, but larger producers in North India did not confirm trades at these levels. ADC 12 producers in North India reported having bought old cast/Tense at $1,225- 1,240/mt, marginally down from $1,250/mt prior week. 

The weekly Davis Index for ADC 12 settled at Rs132,750/mt ex-works Mumbai producer, down by Rs1,917/mt. Die-casters near Mumbai continued to pay Rs135,000/mt for ADC 12 as per the price contract for October. 

The weekly Index for LM6 settled unchanged at Rs152,000/mt ex-works Mumbai producer from the prior week. 

($1=Rs73.35)

 

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