The weekly Davis Index for ADC 12 settled at Rs124,667/mt ex-works Delhi producer, up by Rs1,000/mt ($13.56/mt) on sustained domestic demand from auto manufacturers along with the new export orders from China and Japan.
Die-casters in North India said that ADC 12 was available at Rs128,000/mt, but none of the manufacturers confirmed sales at these rates. The auto manufacturer in the North purchased ADC 12 for Rs129,000/mt in September, highlighting the pent-up demand for auto alloys.
The weekly Davis Index for old Cast/Tense at $1,208/m cfr India port, up by $35/mt. The Davis Index for Taint/Tabor settled at $1,190/mt cfr India port Friday, down by $15/mt from the prior week.
The weekly Davis Index for ADC 12 settled at Rs131,667/mt ex-works Mumbai producer, up by Rs1,167/mt. Davis Index heard trades at Rs133,000/mt but not all manufacturers confirmed this rate.
The weekly Index for LM6 settled at Rs150,000/mt ex-works Mumbai producer, up by Rs333/mt from the prior week. Die-casters will be signing the monthly contract for October and are hopeful that prices will stabilize before that on improved availability of imported scrap.