Indian domestic copper scrap prices decreased by up to 0.6% d-o-d today amid a downtick in LME futures. Armature scrap prices stand at INR 706,000/t exy-Delhi. Primary and secondary cc wire rods prices decreased to INR 815,000/t and INR 755,000/t, both exw. All prices are excluding GST. Market participants are hopeful to see a rise in near-term prices amid low stocks at LME warehouses.
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