Launch of CIF India aluminium scrap price assessments

Fastmarkets launched a suite of CIF India aluminium scrap prices on Wednesday April 17.

The prices will complement Fastmarkets’ benchmark aluminium scrap prices in the United States, United Kingdom and Europe given that India is an increasingly important importer of materials from these major generation hubs.

The specifications for the new prices are as follows:

MB-AL-0396 Zorba, 95/5, CIF India, $/tonne
Quality: Shredded non-ferrous scrap made up of a combination of aluminium, copper, lead, magnesium, stainless steel, nickel, tin, and zinc, in elemental or alloyed (solid) form. Zorba assessed shall have a minimum of 95% metallic content and 5% copper and brass. Must be in large parcels of 30-125mm pieces.
Location: CIF Nhava Sheva and Mundra ports, India
Unit: US dollar/tonne
Quantity: Minimum 30 tonnes
Payment: Cash
Publication: Weekly, Wednesdays at 4pm UK time

MB-AL-0397 Aluminium scrap, old sheet (Taint/Tabor), HRB, 3-5% attachments, CIF India, $/tonne
Quality: Old sheet baled into HRB form. Shall consist of clean old alloy aluminium sheet of two or more alloys, free of foil, venetian blinds, castings, hair wire, screen wire, food or beverage containers, radiator shells, airplane sheet, bottle caps, plastic, dirt, and other non-metallic items. Attachments not to total more than 3-5%.
Location: CIF Nhava Sheva and Mundra ports, India
Unit: US dollar/tonne
Quantity: Minimum 30 tonnes
Payment: Cash
Publication: Weekly, Wednesdays at 4pm UK time

MB-AL-0398 Aluminium scrap, mixed aluminium castings (Tense), 3-5% attachments, CIF India, $/tonne
Quality: Shall consist of all clean aluminium castings which may contain auto and airplane castings but no ingots. Attachments not to total more than 3-5%.
Location: CIF Nhava Sheva and Mundra ports, India
Unit: US dollar/tonne
Quantity: Minimum 30 tonnes
Payment: Cash
Publication: Weekly, Wednesdays at 4pm UK time

MB-AL-0399 Aluminium scrap, old sheet (Taint/Tabor), cut sheared, 5-8% attachments, CIF India, $/tonne
Quality: Old sheet in cut sheared form. Pieces shall be sheared in lengths less than 1m. Shall consist of clean old alloy aluminium sheet of two or more alloys, free of foil, venetian blinds, castings, hair wire, screen wire, food or beverage containers, radiator shells, airplane sheet, bottle caps, plastic, dirt, and other non-metallic items. Attachments not to total more than 5-8%.
Location: CIF Nhava Sheva and Mundra ports, India
Unit: US dollar/tonne
Quantity: Minimum 30 tonnes
Payment: Cash
Publication: Weekly, Wednesdays at 4pm UK time

MB-AL-0400 Aluminium scrap, cast wheels (Troma), CIF India, $/tonne
Quality: Shall consist of clean, single-piece, unplated aluminium small or medium-sized car wheels of a single specified alloy and free of tires. Attachments not to total more than 1%. Wheels must not include chrome and must not be truck or motorcycle wheels.
Location: CIF Nhava Sheva and Mundra ports, India
Unit: US dollar/tonne
Quantity: Minimum 15 tonnes
Payment: Cash
Publication: Weekly, Wednesdays at 4pm UK time
ISRI code: Troma

MB-AL-0401 Aluminium scrap, clean extrusions (Tata), CIF India, $/tonne
Quality: Shall consist of one alloy (typically 6063/HE9) of 95% clean, 5% impure material. Material may contain butt ends from the extrusion process but must be free of any foreign contamination. Anodized material is acceptable.
Location: CIF Nhava Sheva and Mundra ports, India
Unit: US dollar/tonne
Quantity: Minimum 30 tonnes
Payment: Cash
Publication: Weekly, Wednesdays  at 4pm UK time
ISRI code: Tata
Notes: Price is based on US-origin 95/5 extrusions material.

These prices are a part of the Fastmarkets scrap package.

To provide feedback on these prices, or if you would like to provide price information by becoming a data submitter to these prices, please contact Lee Allen by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Lee Allen re: CIF India aluminium scrap prices.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.

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For comments and queries, please email hello.foex@fastmarkets.com, indicating “PIX Pellet Nordic Index” in the subject line of the email.