BIGMINT
India: Imported aluminium scrap prices decline w-o-w amid weaker LME and subdued buying
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5 min read
This image has been sourced from BigMint official website
India's imported aluminium scrap prices fell sharply w-o-w, pressured by weaker LME aluminium prices and sluggish demand from domestic buyers.
According to BigMint's latest assessment for CFR Nhava Sheva deliveries, UK-origin zorba 95-5 scrap prices declined by USD 135 per tonne W-o-W to USD 2,750 per tonne, while US-origin tense 6-7 per cent scrap prices dropped by USD 140 per tonne W-o-W to USD 2,525 per tonne, as subdued buying interest and bearish global market sentiment continued to weigh on import prices.
LME aluminium tumbles W-o-W
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