Majority of aluminium scrap grades prices increased in the domestic market on sustained demand from the alloy manufacturers across India. The domestic old cast prices remained unchanged in and around Mumbai due to enough availability of scrap from the prior week. The domestic prices of Taint/Tabor surged on shortage of scrap in many regions in India.
The weekly Davis Index for domestic Taint/Tabor (old sheet) settled at Rs105,833/mt del Delhi consumer, up by Rs4,333/mt($58.73/mt) while in Mumbai, it settled at Rs104,500/mt del consumer, up by Rs1,250/mt on sustained demand from downstream industries.
The weekly Davis Index for the domestic old cast (Purja/Tense) Tuesday rose by Rs1,750/mt ($/mt) to settle at Rs97,750/mt del Delhi consumer and was unchanged at Rs93,000/mt del Mumbai consumer.
The weekly Davis Index for domestic for aluminium EC wire Tuesday settled at Rs137,000/mt del Delhi consumer, up by Rs4,000/mt but down in Mumbai at Rs135,000/mt del consumer by Rs2,000/mt.
The weekly Davis Index for aluminium utensil settled at Rs112,000/mt del Delhi consumer, up by Rs2,000/mt and settled at Rs110,500/mt del Mumbai consumer, down by Rs1,500/mt on lower demand.
The three-month aluminium contract dropped by $15/mt to settle at $1,803/mt Monday from $1,815/mt from the prior week.