India: Aluminium scrap prices remain rangebound d-o-d

Aluminium scrap prices remained rangebound today amid mixed sentiments on different exchanges. LME and MCX witnessed positive changes, whereas SHFE’s future prices corrected downwards. Market participants expect that near-term prices are likely to move sideways without any major downtrend. Aluminium tense scrap prices are assessed at INR 161,000/t ($2,078/t) exy Delhi, excluding GST.


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