India: Aluminium scrap prices remain stable despite future contraction

India’s domestic aluminium scrap prices continued to remain stable despite a 1.21% drop in LME futures at the time of reporting. Prices of tense grade were at INR 161,000/t ($1,957/t) and utensils grade at INR 172,000/t ($2,091/t), both ex-yard and excluding GST. The scrap prices were not affected though the primary aluminium makers reduced ingots prices.


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