Domestic aluminium scrap prices were mixed Tuesday depending upon their availability in markets across India. Traders reported slowing demand across grades as compared to the last few weeks except for old cast (Purja/Tense) in Delhi market. 

 

A shortage of domestic old cast (Purja/Tense) on the back of the demand from the alloy manufacturers lifted price in Delhi. Manufacturers struggled to procure Tense to fulfil the demand for aluminium alloys in the domestic market as well as cater to the exports market in China and Japan. The weekly Davis Index for the domestic old cast (Purja/Tense) Tuesday rose by Rs1,250/mt ($17.08/mt) to settle at Rs102,250/mt del Delhi consumer from the prior week on the sustained demand from the alloy manufacturers. 

 

The weekly Davis Index for the domestic old cast (Purja/ Tense) settled at Rs96,000/mt del Mumbai consumer, down by Rs2,000/mt from the prior week. Ample scrap was available in Mumbai market.

 

The weekly Davis Index for domestic Taint/Tabor (old sheet) settled at Rs106,750/mt, down by Rs83/mt from Rs106,833/mt del Delhi consumer the prior week. Davis Index heard Taint/Tabor with 1pc attachment offers at Rs112,000/mt in NCR area and but traders in other areas did not confirm trades at this level. 

 

The weekly Davis Index for domestic Taint/Tabor (old sheet) settled Rs107,000/mt, down by Rs500/mt del Mumbai consumer on sustained demand. Traders reported slow demand this week.

 

The weekly Davis Index for domestic for aluminium EC wire Tuesday settled unchanged at Rs137,500/mt, down from Rs500/mt from Rs138,000/mt del Delhi consumer, prior week. The weekly Davis Index for domestic aluminium EC wire Tuesday settled at Rs136,000/mt del Mumbai consumer, up by Rs2,000/mt from the prior week.

 

The weekly Davis Index for aluminium utensil settled unchanged at Rs112,000/mt del Delhi consumer from the prior week. The weekly Davis Index for aluminium utensils settled at Rs107,000/mt del Mumbai consumer, down by Rs500/mt on the improved availability of scrap. 

($1= Rs73.18)

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