Domestic aluminium scrap prices for a few grades settled flat in Delhi but gained in Mumbai driven by the shortage of certain grades in few parts of India. The three-month official contract of aluminium on LME dropped by $3.5/mt to settle at $2,279/mt on March 29, from $2,282.5/mt on March 22. Mumbai witnessed a shortage of old cast/Tense but reported limited purchases ahead of financial year-end.
The weekly Davis Index for domestic EC wire, Tuesday, settled flat at Rs164,000/mt del Delhi consumer while in Mumbai, it increased by Rs1,000/mt ($13.48/mt)to Rs165,000/mt del consumer.
The weekly Davis Index for domestic old cast (Purja/Tense) Tuesday settled unchanged at Rs125,000/mt del Delhi consumer, while in Mumbai, it settled at Rs124,250/mt del consumer, up by Rs1,000/mt. Participants in Mumbai reported revival of demand in domestic as well as export market.
The weekly Davis Index for domestic Taint/Tabor (old sheet) settled unchanged at Rs125,000/mt del Delhi consumer while the index in Mumbai settled up by Rs1,750/mt at Rs128,500/mt del consumer.
The weekly Davis Index for aluminium utensil settled unchanged in Delhi at Rs135,000/mt del consumer but gained Rs500/mt to settle at Rs135,500/mt del consumer in Mumbai.