India Aluminium Scrap prices remain flat; Aluminium Futures down

INDIA July 20 2016 4:37 PM     

MUMBAI (Scrap Register): India  major aluminium scrap commodities prices remained stable on Tuesday, while  aluminium futures prices at Multi Commodity Exchange settled down tracking  weakness from LME Aluminium ended down 0.8 percent at $1,647 as the dollar held  steady and markets awaited fresh signals for direction.

The major  aluminium scrap commodities remained flat on Scrap Register Price Index as on  Tuesday. India's major scrap commodities like 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, aluminium wire scrap remained flat on  Tuesday.

The most active July aluminium contract on  Multi Commodity Exchange settled slightly down by 0.99% to Rs. 109.75 per  kilogram on Tuesday from previous close of Rs. 110.85 per kilogram. The MXC  aluminium prices touched an intra-day high of Rs. 111 per kilogram and an  intra-day low of Rs. 109.35 per kilogram during Tuesday.

The home price  rises in China slowed in June for a second straight month, adding to fears that  a construction-led rebound in the economy may not be sustainable.