India: Aluminium scrap prices contracted despite rebound exchange prices

Aluminium scrap prices remained upset over the last couple of days amid high volatile exchange prices since last week. However, the market observed slight improvements today in LME and MCX exchanges, whereas SHFE’s future prices were marginally down today. Further, most of the sellers have halted their offers in anticipation of an improved price cycle and on the other hand buyers expect bearish sentiments, SteelMint learned.


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