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India Aluminium Scrap prices climb in line with MCX Aluminium

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MUMBAI (Scrap Register): India’s major aluminium scrap commodities prices climbed on the Scrap Register Price Index as on Monday tracking the uptrend in aluminium futures prices at India's Multi Commodity Exchange.

India's major aluminium scrap commodities prices including aluminium accessories scrap, aluminium cable scrap, aluminium ingots, aluminium rod company, aluminium rod local, aluminium scrap 6063, aluminium scrap taint/tabor, aluminium sheet cutting, aluminium utensil scrap and aluminium wire scrap showed an uptrend on the Scrap Register Price Index as on Monday.

The most active November aluminium contract on India’s Multi Commodity Exchange settled down by 0.47 percent to Rs. 137.85 per kilogram on Monday from previous close 137.20 a kilogram. MCX aluminium prices touched an intra-day high of Rs. 138.40 per kilogram and an intra-day low of Rs. 136.80 a kilogram during Monday.

Aluminium prices at London Metal Excghange edged up to $2,106 a ton on Monday as selling by Commodity Trading Advisors was met by consumer hedging and fund buying.

(This article is researched and compiled by Vibin Antony on behalf of Scrap Register. Send in your suggestions and comments to editor@scrapregister.com)

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