India: Aluminium scrap import offers fall by up to $320/t

Aluminium scrap import offers fell by $180-320/t w-o-w following correction on LME. Trader sources informed that despite sufficient import offers from the Middle East, buyers seem to be wary amid the continuous drop in prices despite diminishing warehouse stock levels. Middle East aluminium scrap tense (5-6%) offers are assessed at $2,085-2,115/t, Taint Tabor clean briquette at $2,530-2,560/t and extrusion briquette at $2,925-2,955/t CIF Nhava Sheva.


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