Domestic aluminium prices for a few scrap grades gained in Delhi and Mumbai driven by the shortage in some parts of India. The three-month official contract of aluminium on LME dropped by $42.5/mt to settle at $2,236.5/mt from April 1 to $2,279/mt on March 29.
Mumbai is facing a shortage of old cast/Tense amid subdued demand due to the resurgence of COVID-19 infections.
The weekly Davis Index for domestic EC wire Tuesday settled at Rs165,667/mt from Rs164,000/mt del Delhi consumer, up by Rs1,667/mt while in Mumbai, it settled at Rs166,000/mt del consumer, up by Rs1,000/mt($13.61/mt).
The weekly Davis Index for the domestic old cast (Purja/Tense) Tuesday settled at Rs128,333/mt del Delhi consumer, up by Rs3,333/mt. The weekly Index for the domestic old cast (Purja/ Tense) settled at Rs125,000/mt from Rs124,250/mt, up by Rs750/mt. Participants in Mumbai reported revival of domestic as well as export demand.
The weekly Davis Index for domestic Taint/Tabor (old sheet) settled at Rs129,833/mt from Rs125,000/mt del Delhi consumer, up by Rs4,333/mt while in Mumbai, the index settled at Rs130,000/mt del consumer, up by Rs1,500/mt
In Delhi, the weekly Index for aluminium utensil settled at Rs138,333/mt del consumer, up by Rs3,333/mt while in Mumbai, it settled at Rs136,000/mt del consumer, up by Rs500/mt.