India’s weekly imported aluminium scrap prices remained flat amid subdued demand. Only 10pc of usual buyers enquired for the material.
The weekly Davis Index for A356 wheels (Troma) Friday settled at $1,290/mt cfr India port and the weekly index for Tense settled at $980/mt cfr India port, both unchanged from a week ago. The index for 6063 aluminium extrusion scrap settled at $1,320/mt cfr India port, up by $20/mt, and the index for HRB Taint/Tabor 3-5pc attachment settled at $1,020/mt cfr India port, up by $7/mt from a week ago.
The weekly index for ADC12 cfr China port settled at $1,397/mt, Friday, down by $4/mt. Demand for the secondary aluminium alloy is steadily balanced by a lack of aluminium scrap supply in China along with a rise in imports of primary aluminium in May. The country imported 18,314mt of primary aluminium in May, five times the import volume from the prior-year period after China’s importers
exhausted their scrap import quotas.
The official three-month LME aluminium contract settled at $1,563/mt, Thursday, down by 2.8pc from a week ago.