India’s weekly imported aluminium scrap bookings came to a near halt in the past week caused by lock downs at international ports amid the COVID-19 spread and volatility in the LME aluminium contract. 

 

The weekly Davis Index for aluminium scrap extrusion 6063 settled at $1,448/mt cfr India port, Friday, down by $47/mt, and the index for Troma settled at $1,415/mt cfr India port, down by $40/mt. 

 

The weekly Davis Index for Tense settled at $980/mt cfr India port, down by $53/mt and the index for Taint/Tabor settled at $976/mt cfr India port, Friday, down by $59/mt. Bookings came to a halt as market participants waited for prices to stabilise.

 

The weekly Davis Index for Zorba 95/2 settled at $953/mt cfr India port, down by $20/mt on a $10-15/mt drop in imported ferrous scrap prices. 

 

The index for ADC12 fob China settled at $1,520/mt, Friday, down by $15/mt amid thin trades with Japan. The index for ADC12 cif China settled at $1,463/mt, down by $37/mt from a week ago.

 

The official three-month LME aluminium contract settled at $1,607/mt, Thursday, down by $51/mt or 3pc from a week ago, hitting its lowest level in 2020.

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