India: Major automaker further reduces ADC12 OEM settlement prices for Oct'24
A leading automobile manufacturer has set ADC12 prices for Oct'24 settlements at INR 215,900/t, a decrease of INR 2,600/t from the prior month's INR 218,500/t. This drop was driven by weak demand and elevated inventory levels in the automobile sector, which limited aggressive purchasing and exerted downward pressure on prices.