Author: Drishya Yadav

India: Aluminium scrap prices remain range-bound following a rate cut by major automaker

Oct 11, 2024

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by

Drishya Yadav

in Aluminium

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…