India: Aluminium scrap prices rebound despite downtick in exchange prices

Aluminium scrap prices witnessed a marginal recovery on d-o-d basis, SteelMint assessment shows. Prices in most exchange markets (LME, MCX, and SHFE) corrected slightly during the trade session but later in the day, LME base metal prices bounced back marginally. Most participants believe that domestic prices may remain range bound in the near term.