INDIA March 09 2016 4:20 PM
MUMBAI (Scrap Register): India major aluminium scrap commodities prices stayed flat on Tuesday, while aluminium futures prices at Multi Commodity Exchange settled lower as pressure seen after rise in LME stocks and as China’s exports of aluminium reflected slow activities at factories in the holiday month.
The major aluminium scrap commodities stayed flat on Scrap Register Price Index as on Tuesday. India's major scrap commodities like aluminium accessories scrap, aluminium ingots, aluminium rod company, aluminium rod local, aluminium sheet cutting, aluminium utensil scrap and aluminium wire scrap were remained flat on Tuesday.
The most active March aluminium contract on Multi Commodity Exchange settled slightly up by 1.55% to Rs. 105.75 per kilogram on Tuesday from previous close of Rs. 107.40 per kilogram. The MXC aluminium prices touched an intra-day high of Rs. 108 per kilogram and an intra-day low of Rs. 105.15 per kilogram during Tuesday.
Primary aluminium, alloy and semi-finished aluminium products dived 26.3 percent from January to 280,000 tons in February. Aluminium exports dropped 33.3 percent versus a year ago, in the first two months, the outflow fell 22.3 percent year-on-year to 670,000 tons.