14 JULY 2016AlCircle.com
India aluminium extends gain on global cues & spot demand; scrap prices inch higher by INR2
Edited by : AL CIRCLE
1 min read
Base metal prices including price of aluminium rose further by up to INR 5 per kg in Indian non-ferrous metal market today, tracking a firming trend overseas amid increased demand from consuming industries.
Traders said sentiment remained firm on the back of a firm global trend where copper surged to its highest level since early May, briefly topping USD 5,000 per tonne, on expectations that policy makers are gearing up for economic stimulus that will buoy demand materials.
Aluminium sheet cutting, aluminium wire scrap and aluminium utensils scrap finished higher by INR 2 each to INR 150, INR 150 and INR 148 per kg, respectively.
Traders said sentiment remained firm on the back of a firm global trend where copper surged to its highest level since early May, briefly topping USD 5,000 per tonne, on expectations that policy makers are gearing up for economic stimulus that will buoy demand materials.
Aluminium sheet cutting, aluminium wire scrap and aluminium utensils scrap finished higher by INR 2 each to INR 150, INR 150 and INR 148 per kg, respectively.
Previous article
British father-daughter team upcycles scrap aircraft into elegant outdoor space
Next articleExpansion to boost aluminium aerosol can recycling in Germany
Grow with
AL Circle
