India’s imported aluminium scrap prices exhibited volatility owing to offer-bid disparity and fluctuations in futures on LME and SHFE, SteelMint assessment shows. Trade channels have varied opinions on price trends amid volatile futures and only sporadic contracts for small consignments were reportedly concluded around the assessed price levels. A few European-based recyclers expect that prices may bottom out in the short term but may remain supportive in the long term amid declining stock.
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