Base metal prices are still decreasing, with the exception of nickel, which has only seen a small increase. Aluminum, copper, zinc, and lead have all experienced drops in their prices on the London Metal Exchange. The domestic aluminum scrap market in India has not seen much demand, leading to stable prices. However, prices for some imported aluminum scrap grades have been fluctuating significantly, with some experiencing notable increases and others experiencing declines compared to last week. Additionally, there was a slight increase in copper rebar scrap prices in the domestic market.
Three-month aluminum prices decreased by 0.9% to $2,263/t, copper prices fell by 1.5% to $8,127/t, zinc prices fell by 1.9% to $2,431/t, lead prices fell by 0.3% to $2,087/t and nickel prices rose by 0.6% to $21,413/t.
Copper, rebar and scrap prices increased by 0.3% to Rs684,000/tonne yesterday from the previous day, while secondary rolled copper prices were flat. Primary prices fell by 0.8%.
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