The weekly Davis Index for domestic old cast (Purja/Tense) dropped by Rs1,000/mt ($13.29/mt) on Tuesday to Rs79,000/mt del Delhi consumer. Trades were slow in Delhi markets as small manufacturing plants struggled to resume operations due to unavailability of labourers.
The weekly Davis Index for domestic Taint/Tabor (old sheet) settled at Rs91,000/mt del Delhi consumer, up by Rs1,000/mt with an uptick in demand for Taint/Tabor. In seaborne trades, the weekly index for imported Taint/Tabor settled flat at $888/mt cfr India on Friday.
Secondary alloy manufacturers and downstream industries in many parts of Gujarat also dealt with lack of sufficient workforce. Manufacturers are thus unlikely to import scrap as they hold enough inventories.
The index for domestic old sheet settled at Rs91,000/mt del Mumbai consumer, up by Rs500/mt from last Tuesday amid a rise in enquiries. Though prices for imported scrap are low, a lack of liquidity kept trades subdued.
The weekly index for domestic old cast (Purja/Tense) settled unchanged at Rs80,000/mt del Mumbai with no trades reported. In seaborne trades, the index for imported aluminium old cast also remained unchanged at $900/mt cfr India on Friday from the week prior.
The weekly index for aluminium EC wire Tuesday remained flat at Rs122,000/mt del Delhi consumer and del Mumbai consumer.
The index for aluminium utensil climbed up by Rs3,000/mt($39.87/mt) and Rs5,500/mt ($66.46/mt) in Delhi and Mumbai, respectively, to settle at Rs101,000/mt del consumer. Production has slowly started resuming in North and West India.
($1=Rs75.24/mt)