Author: Drishya Yadav
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India: Aluminium scrap prices stable d-o-d
India’s domestic aluminium scrap prices remained firm d-o-d today. Prices of tense grade scrap were at INR 162,000/t ($1,958/t) and utensil grade at INR 172,000/t ($2,079/t). Prices are exy and excluding GST. LME aluminium futures have improved by 1.36% d-o-d to $2,420/t today. Buyers expect that prices may remain range bound in the near term.