27 JANUARY 2016Shanghai Metal Market
India aluminium scrap prices remain flat
Edited by : AL CIRCLE
1 min read
India major aluminium scrap commodities prices remained flat on Friday, last week, while aluminium futures prices at India's Multi Commodity Exchange settled slightly lower, tracking weakness in other base metals counters as market is witnessing under long liquidation.
The major aluminium scrap commodities dropped on Scrap Register Price Index as on Friday. India's major scrap commodities like aluminium accessories scrap, aluminium cable scrap, aluminium ingots, aluminium rod company, aluminium rod local, aluminium scrap, aluminium scrap taint/tabor, aluminium sheet cutting, aluminium utensil scrap and aluminium wire scrap remained flat on Friday.
The most active January aluminium contract on Multi Commodity Exchange settled slightly lower by 0.30% to INR 100.75 per kilogram on Friday from previous close of INR 101.05 per kilogram. The MXC aluminium prices touched an intra-day high of INR 101.95 per kilogram and an intra-day low of INR 100.60 per kilogram during Friday.
China's plans to set up funds to manage coal and steel capacity closures and stockpiling schemes offer nervous markets some clarity on the likely future make-up of the country's sprawling and predominantly state-run metals and mining industries.
The major aluminium scrap commodities dropped on Scrap Register Price Index as on Friday. India's major scrap commodities like aluminium accessories scrap, aluminium cable scrap, aluminium ingots, aluminium rod company, aluminium rod local, aluminium scrap, aluminium scrap taint/tabor, aluminium sheet cutting, aluminium utensil scrap and aluminium wire scrap remained flat on Friday.
The most active January aluminium contract on Multi Commodity Exchange settled slightly lower by 0.30% to INR 100.75 per kilogram on Friday from previous close of INR 101.05 per kilogram. The MXC aluminium prices touched an intra-day high of INR 101.95 per kilogram and an intra-day low of INR 100.60 per kilogram during Friday.
China's plans to set up funds to manage coal and steel capacity closures and stockpiling schemes offer nervous markets some clarity on the likely future make-up of the country's sprawling and predominantly state-run metals and mining industries.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
Aluminium beverage can recycling at new record high
Next articleChina’s scrap aluminium imports declined while exports inched higher in December
Grow with
AL Circle
