Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

The weekly Davis Index for domestic Taint/Tabor (old sheet) settled at Rs101,500/mt del Delhi and Rs101,500/mt del Mumbai increased by Rs3,500/mt ($47.13/mt) and Rs4,000/mt($53.87/mt), respectively, on sustained demand from alloy manufacturers. 


The weekly domestic old cast (Purja/Tense) Tuesday remained unchanged at Rs95,667/mt del Delhi consumer and rose by Rs1,333/mt($17.95/mt) in Mumbai to settle at Rs92,333/mt del Mumbai consumer. Traders in Mumbai reported slow demand but said that shortage of domestic scrap forcing alloy manufacturers to depend more on imported scrap material. 


The weekly Davis Index for aluminium EC wire Tuesday settled unchanged at Rs131,000/mt del Delhi, but rose to Rs134,000/mt del Mumbai consumer, up by Rs3,000/mt, on pent up demand from alloy manufacturers. State aluminium producer Nalco has not changed prices despite the volatility of spot aluminium prices on LME since August 14.


The aluminium utensil indexes remained flat from last week — Rs108,000/mt del Delhi consumer and Rs116,000/mt del Mumbai consumer on stable demand.



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