Domestic aluminium scrap prices changed in different regions across India on imported scrap availability.The market participants continued to order more scrap on the back of the pent-up demand from alloy manufacturers. Few market participants in Gujarat reported a shortage of scrap, while those in Mumbai said adequate scrap is available. The manufacturers struggled to procure more scrap in order to fulfil the demand for aluminium alloys in the domestic market in addition to catering to the exports market in China and Japan.
The weekly Davis Indexes for the domestic old cast (Purja/Tense) Tuesday rose by Rs500/mt($6.80/mt) to settle at Rs100,000/mt del Delhi consumer and Rs94,500/mt del Mumbai consumer down by Rs500/mt.
The weekly Davis Index for domestic Taint/Tabor (old sheet) settled at Rs108,167, down by Rs867/mt del Delhi consumer.
Davis Index heard Taint/Tabor with 1 per cent attachment is available at Rs112,000-113,000/mt in some parts of NCR but traders in other parts around Delhi did not confirm the trades at this level.
The weekly Davis Index for domestic Taint/Tabor (old sheet) settled Rs105,500/mt, down by Rs500/mt del Mumbai consumer, as market participants reported improved availability on scrap in the market. Davis Index heard trades of Taint/Tabat Rs108,000/mt level in parts of Mumbai.
The weekly Davis Indexes for domestic for aluminium EC wire Tuesday settled unchanged at Rs138,000/mt del Delhi consumer and at Rs135,500/mt del Mumbai consumer, down by Rs1,500/mt.
The weekly Davis Indexes for aluminium utensil settled unchanged at Rs113,000/mt del Delhi consumer from the prior week and at Rs105,500/mt del Mumbai consumer, down by Rs1,500/mt on the improved availability pf scrap.