India Aluminium Scrap prices remain stable in line with Aluminium Futures

Published: Apr 11, 2017 09:35

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India major aluminium scrap commodities prices remained stable on Friday in line after a U.S. air strike on Syria.

INDIA April 10 2017 4:39 PM

MUMBAI (Scrap Register): India major aluminium scrap commodities prices remained stable on Friday in line with aluminium futures prices at Multi Commodity Exchange after a U.S. air strike on Syria prompted investors to move out of riskier assets.
India's major aluminium scrap commodities like aluminium accessories scrap, aluminium cable scrap , aluminium ingots, aluminium rod company, aluminium rod local, aluminium scrap 6063 and aluminium scrap taint/tabor showed a flat trend on Friday.
The most active March aluminium contract on Multi Commodity Exchange remained stable at Rs. 125.75 per kilogram on Friday from previous close. The MXC aluminium prices touched an intra-day high of Rs. 126.05 per kilogram and an intra-day low of Rs. 123.90 per kilogram during Friday.
The aluminium market continues to digest the Chinese government’s plans to force a 30% capacity cut on smelters in four provinces around Beijing during the winter months.

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