India’s imported and domestic aluminium scrap prices trended higher week-on-week as LME supply tightened and inventories declined. UAE‐origin and UK-origin scrap grades saw notable price increases.
👉 Source: AlCircle / BigMintalcircle

Summary :

Imported aluminium scrap prices have strengthened in line with the uptrend in LME aluminium. The rise in LME prices, supported by tightening global supply conditions and growing expectations of US Fed rate cuts in December, has pushed benchmark levels higher. In turn, this has kept imported scrap offers across major grades elevated.

Buying activity remains weak as year-end seasonality slows market participation. With only a few weeks left in the year, trading activity has softened, especially as suppliers across Western regions prepare for the winter holidays, during which shipments typically pause until after the New Year. This has resulted in quieter negotiations and limited buying interest.

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