The weekly Davis Index for ADC 12 settled at Rs126,250/mt ex-works Delhi producer, up by Rs1,583/mt($21.60/mt) driven by a shortage of scrap and uptick in domestic demand from auto manufacturers. Orders from China and Japan  increased which also supported the rise. 

 

ADC 12 trades were heard at Rs123,000/mt ex-Kolkata producer, but manufacturers did not confirm deals at these prices. 

A major auto manufacturer in North India purchased ADC 12 at Rs129,000/mt ex-producer in September. 

A rise in imported scrap prices increased input costs for alloy makers. Although the index for old Cast/Tense settled at $1,200/m cfr India port, Thursday, down by $8/mt from prior Friday, on Monday trades were even heard $1,230/mt cfr. The index for Taint/Tabor, on the other hand, rose by $10/mt to $1,200/mt cfr India port.  

 

The weekly Davis Index for ADC 12 settled at Rs133,500/mt, up by Rs1,833/mt from Rs131,667/mt ex-works Mumbai producer. Die-casters near Mumbai signed an agreement with manufacturers for ADC 12 alloy supply at Rs135,000/mt for the month of October but not all manufacturers confirmed this rate. 

 

The weekly Index for LM6 settled at Rs152,000/mt ex-works Mumbai producer, up by Rs2,000/mt from the prior week. 

 

($1=Rs73.28)

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