India major aluminium scrap prices show flat trend; aluminium futures down

<p>India&nbsp; major aluminium scrap commodities prices showed a flat trend on Wednesday, while&nbsp; aluminium futures prices at Multi Commodity Exchange ended down in the line of&nbsp; expectation tracking weakness from LME Aluminium which sank to its lowest in six&nbsp; weeks in yesterday's session on persistent worries about oversupply from Chinese&nbsp; smelters.<br /><br />The major aluminium scrap commodities showed&nbsp; a flat trend during Wednesday. India's major scrap commodities like aluminium&nbsp; accessories scrap, aluminium cable scrap , aluminium ingots, aluminium rod&nbsp; company, aluminium rod local, aluminium scrap 6063 and aluminium scrap&nbsp; taint/tabor remained flat on Wednesday.<br /><br />The most active July aluminium&nbsp; contract on Multi Commodity Exchange settled down by 0.18 per centto INR 106.45 per&nbsp; kilogram on Wednesday from previous close of Rs. 106.95 per kilogram. The MXC&nbsp; aluminium prices touched an intra-day high of INR 106.95 per kilogram and an&nbsp; intra-day low of INR 106.10 per kilogram during Thursday.<br /><br />Mostly the&nbsp; entire base metals complex was pressured by a stronger dollar. Volumes on the&nbsp; London Metal Exchange were thin in the seasonal summer slowdown and also ahead&nbsp; of the US central bank decision on interest rates.</p>