India: Aluminium scrap prices remain largely stable

  • SteelMint assessment of aluminium scrap prices (of all grades) remained range bound today amid weakening exchange prices. Tense scrap prices are assessed at INR 149,000/t exy-Delhi on 15 July, a marginal fall of INR 1,000/t d-o-d.
  • The closing price for the three-month aluminium futures on LME stood at $2,336/t on 14 July, down $19/t d-o-d, while cash prices decreased by $14/t to $2,329/t d-o-d on the last trading day.

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