Aluminium tense scrap prices remained range-bound d-o-d at INR 175,500/t ex-Delhi. London Metal Exchange (LME) futures stood at $2,650/t as a result of excess inventories leading a prominent automobile manufacturer to announce its ADC12 prices for Nov’24 settlements at INR 209,900/t, reflecting a reduction of INR 6,000/t from October’s price. Moreover, China’s silicon export offers for 553 grade were heard at $1,660-1,670/t FOB.
Leave a Reply