India: Aluminium scrap prices remain largely rangebound

Aluminium scrap prices remained rangebound today amid softening prices in exchange platforms like LME, SHFE and MCX. Market participants saw cautious transactions on high price fluctuations over the last few days. A marginal downward correction was witnessed for a couple of grades, whereas other grades remained stable d-o-d. Most trader sources expect near-term prices to edge down further.


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