India: Copper prices continue to contract

  • The domestic copper market saw marginal downfall in prices d-o-d today amid fall in LME’s future prices by 0.40%.
  • Finished material (wire rods) inquiries declined in the domestic market and local prices inched down. Sources informed finished material prices may fluctuate in the near-term.
  • Copper armature prices were at INR 6,31,000/t exy-Delhi. Secondary and primary rods prices are at INR 677,000/t and INR 740,000/t ex-Delhi.

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