Tag: aluminium P1020
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India: Domestic aluminium market weakens w-o-w on macro pressure, primary producer price cuts
Strong dollar pressured global aluminium prices Primary producer price cuts aligned with market weakness Domestic aluminium prices in India saw sharp declines on 5 February w-o-w, driven by a rise in LME and MCX aluminium futures, as global supply concerns persisted. As per BigMint’s assessment, domestic aluminium ingot prices in Delhi decreased by INR 16,000/t,…