Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The Davis Index for domestic Taint/Tabor (old sheet) settled at Rs98,000/mt del Delhi consumer flat for eight weeks, despite aluminium alloy production resuming at 25-30pc  in MP, Uttar Pradesh and Diu Daman. In seaborne trades too the weekly index for imported Taint/Tabor settled flat at $939/mt cfr India on Friday.

Traders remained away from the scrap market and prioritised evacuating containers stuck at Indian ports despite high transportation charges.

In Mumbai, scrap dealers plan to take a wait-and-watch approach till the end of the lockdown before making a buying decision. The index for domestic old sheet settled flat at Rs98,500/mt del Mumbai consumer, with no trades reported.

In Delhi, demand from alloy manufacturers is unlikely to pick up till late May at the minimum. Alloymakers are focussing on dispatches which could commence by the weekend.

The weekly index for domestic old cast (Purja/Tense) settled unchanged at Rs85,000/mt del Delhi. In overseas trade, the index for imported aluminium old cast also settled flat at $934/mt cfr India on Friday.

The weekly index for aluminium EC wire remained flat at Rs130,000/mt del Delhi consumer and del Mumbai consumer. The index for Indian old cast settled flat at Rs83,750/mt del Mumbai consumer.

The index for aluminium utensil settled unchanged at Rs106,000/mt del Delhi consumer, also on a lack of demand. The index for aluminium utensils settled flat at Rs103,500/mt del Mumbai consumer.


($1= Rs75.50)

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