India: Copper prices rise d-o-d following rally in LME futures

  • Indian copper prices saw an uptick following an uptrend in LME futures which hit more than a six-month high level.
  • Active buying for primary rods has been seen on buyers’ expectations of a further price hike in the near term. Armature scrap prices are at INR 6,65,000/t exy-Delhi. Secondary and primary rods (8 mm) prices are at INR 715,000/t and INR 775,000/t, respectively, exw-Delhi.

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