26 JULY 2016Scrap Register
India major aluminium scrap prices remain stable; MCX aluminium slightly up
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1 min read
<p>India major aluminium scrap commodities prices remained stable on Friday, while aluminium futures prices at Multi Commodity Exchange settled up as industrial consumers took advantage of recent declines to make purchases.<br /><br />The major aluminium scrap commodities showed a flat trend during 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 stable on Friday.<br /><br />The most active July aluminium contract on Multi Commodity Exchange settled slightly up by 0.56 per cent to INR 107.45 per kilogram on Friday from previous close of INR 106.85 per kilogram. The MXC aluminium prices touched an intra-day high of INR 107.95 per kilogram and an intra-day low of INR 106.35 per kilogram during Friday. <br /><br />Aluminium prices at London Metal Exchange swam against the tide, ending 0.7 per cent firmer at $1,611 a ton as consumers went bargain-hunting after prices pulled back from a one-year peak of $1,703 last Friday.</p>
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