India: Aluminium scrap prices remain stable d-o-d
Aluminium tense scrap prices remained stable at INR 175,000/t ex-Delhi d-o-d. London Metal Exchange (LME) futures increased to $2,545/t, reflecting a 1% rise from the previous close of $2,520/t. However, local market prices remained range-bound due to weak demand in the semi-finished sector and elevated inventory levels in the automobile industry, which have limited aggressive purchasing and applied downward pressure on prices.