Domestic copper prices rose by 1% today following MCX futures which inched up and was at INR 724,000/t d-o-d. Armature scrap prices stood at INR 687,000/t and secondary rods prices were at INR 728,000/t both ex-Delhi. Demand remained positive for finished material, and the reopening of the China market contributed to the upward movement of prices this week. Recent US talk offers indicated rates around 53-53.25% of LME prices.
