India: Aluminium scrap tense prices rebound as LME futures strengthen

Aluminium scrap tense prices rebounded, rising by INR 1,000/t on the back of strong 3-month LME futures prices which were up 0.97% d-o-d basis. The market saw different buying behavior. A very few specific scrap buyers have maintained regular stock levels, while others seem to be cautious owing to price fluctuations in the exchange market. Aluminium scrap tense prices are assessed at INR 176,000/t exy Delhi, excluding GST.


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