India's ADC 12 prices fell in line with a 3% drop in LME aluminium three-month prices, as a major automaker lowered its purchase price to ₹304,500/mt on October 7. Domestic prices in Mumbai averaged ₹305,000/mt, down ₹4,000/mt, while Delhi prices averaged ₹304,750/mt, down ₹2,750/mt. Some producers held offers at ₹305,000/mt, hoping buyers would accept these levels. The market also faced subdued buying interest from Japan and falling international aluminium scrap prices.
China-origin offers eased to $3,100/mt from $3,120/mt on September 30. International aluminium scrap prices also softened, with tentative offers for extrusion scrap ranging from $2,920–3,090/mt.
Market participants reported limited buying interest from Japanese customers, restricting fresh export orders. Lower scrap prices have eased feedstock costs for secondary alloy producers, while the decline in LME aluminium prices has prompted adjustments in domestic and export ADC 12 prices. With producers attempting to hold offers above the revised automotive purchase price, near-term market direction will depend on further LME movements, buyer acceptance of current offers and any improvement in Japanese demand.