India: Aluminium scrap prices drift down on falling futures

Aluminium scrap prices corrected downwards by INR 3,000-4,000/t d-o-d today, SteelMint assessment shows. Key factors behind the price adjustment were price cuts by primary aluminium producers and a drop in futures as well as spot prices. According to traders, low semi-finished sales in the northern and western regions may put pressure on domestic prices.


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