India: Aluminium scrap prices firm despite declining futures

Aluminium scrap prices remained unchanged on 6 Mar’23, with tense priced at INR 161,000/t ($1,965/t) and utensils at INR 172,000/t ($2,099/t) exy, excluding GST. LME futures fell 1.37% to $2,373/t, but prices remained stable. Market sources expect that the primary players have kept prices unchanged owing to fluctuations in the exchange market and may soon announce cuts.


Comments

Leave a Reply

Your email address will not be published. Required fields are marked *