Tag: Import offers
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India: Imported aluminium scrap prices drop amid volatile futures
Imported aluminium scrap prices into India remained on the lower side weighed down by constant price fluctuations in the futures market. The three-month aluminium futures and spot prices on the London Metal Exchange (LME) fell by $50-$55/t last week despite stocks hitting a one-month low. Stocks were at 503,150 t in yesterday’s closing. Most trade…