India: Rising futures continue to support local copper prices

Indian copper prices continue to remain supported by the uptrend in futures that inched up by 0.18% d-o-d to $8,888/t at the reporting time. Prices of armature scrap stood at INR 706,000/t exy-Delhi and secondary wire rods at INR 749,000/t exw-Delhi. Market participants informed that some transactions were recorded today, particularly in the primary rods segment, amid improved sentiments.


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