Tag: China monetary stimulus

India: Imported aluminium scrap prices fluctuate w-o-w as LME hits 4-month high

Oct 1, 2024

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by

Drishya Yadav

in Aluminium, Non Ferrous

Recent stimulus measures in China boost sentiments Bid-offer disparities keep buyers cautious, trade muted Imported aluminium scrap offers into India fluctuated by up to 4% w-o-w as aluminium prices on the London Metal Exchange (LME) hit a 4-month high, following the Federal Reserve’s rate cuts and China’s new monetary stimulus and support for the property…