India: Aluminium scrap prices weaken on falling futures

Aluminium scrap prices corrected downwards by INR 1,000-2,000/t d-o-d today, SteelMint assessment shows. Persistent dull sentiments in domestic and global market have slowed down demand despite record low inventories at LME-approved warehouses over the last few months amid lower production utilisation. However, the stock level suddenly rebounded d-o-d in yesterday’s trading session amid uncertain market dynamics.


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