Aluminium scrap prices came under pressure on falling exchange prices for all base metals today. Significant correction in exchange prices was witnessed amid lockdowns in China. Trader sources expect a further minor correction in prices as domestic MCX prices are down by nearly INR 9,000/t. Prices on the SHFE have fallen by over INR 14,000/t (RMB to INR) and LME three-month prices dropped around 4.14% to $3,111/t.
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