INDIA April 04 2017 4:37 PM
MUMBAI (Scrap Register): India major aluminium scrap commodities prices advanced on Monday, while aluminium futures prices at Multi Commodity Exchange slightly up as aluminium producers restart capacity and fill any gap between supply and demand.
The major aluminium scrap commodities on the Scrap Register Price Index gained on Monday. India's major aluminium scrap commodities like aluminium accessories scrap, aluminium ingots, aluminium sheet cutting and aluminium wire scrap traded higher on Monday.
The most active March aluminium contract on Multi Commodity Exchange down by 0.079 percent to Rs. 126.30 per kilogram on Friday from previous close of Rs. 126.80 per kilogram. The MXC aluminium prices touched an intra-day high of Rs. 127.70 per kilogram and an intra-day low of Rs. 126.20 per kilogram during Friday.
China early last month ordered steel and aluminium producers in 28 cities to slash output during the winter months in a bid to curb noxious smog. China is the world's largest aluminium producer.