Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

ADC 12 and LM6 prices dropped in Delhi and Mumbai on the back of the subdued domestic demand. Manufacturers heard new bids for ADC 12 from China at $2,050-2,100/mt cfr China port, up by $49-99/mt from the prior week and traders reported a rise in aluminium scrap prices. 

The weekly Davis Index for ADC 12 settled at Rs144,333/mt ex-works Delhi producer, down by Rs667/mt ($9.18/mt) from prior Monday due to weak domestic demand. A few deals were heard at Rs137,000/mt as well. Manufacturers informed that a major auto producer in Northern India declared the purchase price for ADC 12 at Rs157,000/mt.  

The three-month contract for aluminium rose by $69/mt to settle at $2,081/mt on February 12 from $2,012/mt on February 5. The Old Cast import price rose by 53/mt to settle at $1,500/mt cfr India port last Friday from the prior week. The price of Zorba 95/2 cfr India port settled at $1,521/mt, up by $43/mt.

In Mumbai, the weekly Davis Index for ADC 12 settled at Rs154,500/mt ex-works producer, down by Rs1,000/mt. Deals were also reported at Rs160,000/mt ex-works Mumbai. Diecasters signed a contract to purchase ADC 12 at Rs156,000/mt in Feb 2021, down from Rs162,000/mt in January. 

The weekly Index for LM6 settled at Rs168,167/mt ex-works Mumbai producer from Rs168,500/mt, down by Rs333/mt.


($1= Rs72.62)


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