iStockThe primary aluminium industry is facing severe threat from the increasing import of aluminium and scrap. The domestic aluminium industry has sought reduction in basic custom duty and correction in inverted duty structure on critical raw materials, including pet coke, caustic soda, aluminium fluoride and alumina, to encourage cost competitiveness in the sector. The domestic aluminium industry, under representation from the Aluminium Association of India (AAI), has sought immediate government support through the forthcoming Union Budget 2022-23. It has also requested an increase in tariff rate of basic custom duty for aluminium and articles from 10 to 15 per cent in line with the steel sector, according to pre budget expectations from the AAI. An increase in the basic custom duty of primary aluminium from 7.5 per cent to 10 per cent, aluminium scrap from 2.5 per cent to 10 per cent and downstream aluminium products from 7.5 per cent to 10 per cent has also been requested, it ...

NEW DELHI: Menthol prices fell by Rs 10 per kg in the national capital today owing to reduced offtake by consuming units amid adequate stocks. Increased arrivals from producing belts in Uttar Pradesh and weakening trend in futures market also weighed on the menthol prices. Menthol bold crystal, flake and mentha oil prices fell by Rs 10 each to settle at Rs 1,220, Rs 1,120 and Rs 970 per kg, respectively. The following are today’s quotations: Ammonium chloride (50 kg) Rs 1,000-2,200, Acetic acid (1 kg) Rs 42-50, Ammonia bicarb (25 kg) Rs 500-700, Boric acid technical (50 kg) Rs 4,500-5,200, Borex granular (50 kg) Rs 2,300-2,600. Caustic soda flake (50 kg) Rs 1,800-1,850, Citric acid (50 kg) (China) Rs 3,200-3,500, Citric acid deshi (50 kg) Rs 3,000-3,300, Camphor slab (1 kg) Rs 380, Camphor powder (1kg) Rs 330, Glycerine (1 kg) Rs 90-120, Hexamine (1kg) Rs 95, Hydrogen peroxide (1 kg) Rs 35-50, menthol bold crystal (per kg) Rs 1,220, menthol flake (1 kg) Rs 1,120 and mentha oil ...