19 JULY 2016Scrap Register
India aluminium scrap prices show almost flat; MCX aluminium inches down
Edited by : AL CIRCLE
1 min read
India major aluminium scrap commodities prices showed almost a flat trend on Friday, while aluminium futures prices at Multi Commodity Exchange settled lower tracking after stronger than expected U.S. economic data after LME closed down 1.4 percent at $1,659 after hitting $1,703, the strongest since July 17 last year.
The major aluminium scrap commodities remained flat on Scrap Register Price Index as on Friday. India's major scrap commodities like aluminium cable scrap, aluminium ingots, aluminium rod company, aluminium rod local, aluminium scrap 6063, aluminium scrap taint/tabor, aluminium sheet cutting, aluminium utensil scrap and aluminium wire scrap remained flat on Friday.
The most active July aluminium contract on Multi Commodity Exchange settled slightly down by 0.58 per cent to INR 111.45 per kilogram on Friday from previous close of INR 112.10 per kilogram. The MCX aluminium prices touched an intra-day high of INR 113.55 per kilogram and an intra-day low of INR 111.15 per kilogram during Friday.
China's economy expanded slightly faster than expected in the second quarter but private investment growth shrank to a record low, suggesting future weakness which could pressure the government to roll out more support measures.
The major aluminium scrap commodities remained flat on Scrap Register Price Index as on Friday. India's major scrap commodities like aluminium cable scrap, aluminium ingots, aluminium rod company, aluminium rod local, aluminium scrap 6063, aluminium scrap taint/tabor, aluminium sheet cutting, aluminium utensil scrap and aluminium wire scrap remained flat on Friday.
The most active July aluminium contract on Multi Commodity Exchange settled slightly down by 0.58 per cent to INR 111.45 per kilogram on Friday from previous close of INR 112.10 per kilogram. The MCX aluminium prices touched an intra-day high of INR 113.55 per kilogram and an intra-day low of INR 111.15 per kilogram during Friday.
China's economy expanded slightly faster than expected in the second quarter but private investment growth shrank to a record low, suggesting future weakness which could pressure the government to roll out more support measures.
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