BigMint's benchmark assessment for Tense scrap originating from the UAE stood at $1,800/tonne (t), firm w-o-w, while Zorba 95/5 from the UK was at $2,110/tonne, stable w-o-w, both CFR west coast, India.
This week, LME prices dropped by around 2 per cent to $2,530/tonne. Meanwhile, stocks at LME-registered warehouses stood at 672,525 t, falling by around 7,000 tonnes w-o-w from 681,600 tonnes.
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
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