Aluminium scrap prices were slightly corrected downwards amid subdued exchange contracts today. Most of the trade participants expected a slight recovery to during the whole week and LME three-month prices are likely to remain at around $3,000/t levels. However, LME prices remained subdued and fell by around 1.5-2% on a d-o-d basis. Inline MCX and SHFE too followed the downward trend, dipping by 1.1% and 0.6% respectively.
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