India’s domestic aluminium scrap prices remained largely stable d-o-d today despite a 1.14% drop in LME futures. Prices of tense grade were at INR 161,000/t ($1,962/t) and utensils grade at INR 172,000/t ($2,096/t), both ex-yard and excluding GST. Even as primary players reduced ingots prices, this did not affect scrap prices at all due to slow activities amid the festive holidays.
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