Imported aluminium scrap prices in the Indian market have held steady at supportive levels despite a slight dip in LME (London Metal Exchange) prices.

SMM data showed that the PMI for China’s aluminium processing sectors stood at 29.1% in February 2024, remaining in the contraction territory.

India is witnessing a surge in imported aluminium prices this week driven by several factors, including a notable increase in futures, limited availability of material, and a positive shift in demand.

The operating rate of secondary aluminium alloy industry stood at 55.41% December, down 3.34 percentage point MoM, but up 14.18 percentage points YoY.

India is witnessing a surge in imported aluminium prices this week driven by several factors, including a notable increase in futures, limited availability of material, and a positive shift in demand.

In the Indian imported aluminium scrap market, minor fluctuations were observed in line with movements in the futures exchanges, which displayed a week-on-week divergence but generally showed an upward trend.

SHANGHAI, Sep 6 (SMM) –Throughput of aluminium scrap in Huadong Non-ferrous Metals City to stabilize around Aluminium prices have been consistently climbing recently, with aluminium scrap prices following suit.

SHANGHAI, Jul 4 (SMM) – Last week (June 26-30), SMM A00 spot aluminium prices fell to 18,470 yuan/mt on Monday, before undergoing minor adjustments. By Friday, prices had fallen by 290 yuan/mt, 1.54% down from the previous week.

SHANGHAI, Jun 13 (SMM) – Spot A00 aluminium prices rebounded last week, hitting nearly one-month high of 18,650 yuan/mt.

SHANGHAI, Jun 5 (SMM) – Spot A00 aluminium prices were in an upward trend last week, except for brief drop in the middle of the week, climbing to 18,570 yuan/mt on Friday, up 410 yuan/mt or 2.26% from a week ago.